Many homebuyers have asked, "What the heck is the difference?" Let's quickly break it down.
Getting prequalified for a mortgage loan is a rough estimate of how much you can afford in terms of a loan. It's quick and it gives you a ballpark idea of a price range, but it does not guarantee you a loan or specific loan amount.
On the other hand, getting pre-approved takes your credit, employment, and other important information into account. A preapproval from a mortgage lender is an actual written commitment that says they will finance your loan up to a certain amount.
I've always thought the terms were a little confusing, considering how similar they are. No matter what, if you're looking for a new home, getting prequalified and preapproved is an excellent first step when it comes to looking at properties.
I can help with any other questions that may come up. Send me a message jesse@yourfloridafriend.com and I will be happy to help.
Below are the newest local listings to browse.
| Class | Total Number | Price | Beds | Baths | Age |
|---|---|---|---|---|---|
| Residential | 7348 | $1,025,806 | 3.0 | 2.3 | 28.9 |
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5024 Alibi Terrace
North Port, FL 34286
Port Charlotte Sub 02
Residential
MLS# A4572977 / Active
Gorgeous FENCED 3 bedroom, 3 bath, 2 car garage POOL home on more than a quarter acre with CITY WATER and a 2022 ROOF, 2022 WATER HEATER, and a 202...
134 Bellini Court
North Venice, FL 34275
Venetian Golf & Riv Club Ph 03a
Residential
MLS# A4572780 / Active
Please schedule an appointment to view this beautiful Extended Fiorentino home, boasting 1,889 sq ft of living space, located on a premium golf cou...
5130 Coquina Key Drive
Saint Petersburg, FL 33705
Waterside At Coquina Key South
Residential
MLS# U8203211 / Active
As you enter the gates of this waterfront resort style community nestled away in the quite community of Coquina Key, you will feel like you have en...
19218 Brandon Avenue
Port Charlotte, FL 33954
Port Charlotte Sec 017
Residential
MLS# A4572951 / Active
Home is complete and move in ready!!! 3 bedroom, 2 bath, 2 car garage home. This contemporary brand new construction home is ideally located and ha...
1104 12th Street
Saint Petersburg, FL 33705
Edina Garden of Eden
Residential
MLS# O6117085 / Active
Welcome to 1104 12th St North, a stunning historic Craftsman-style home built in 1925, located in the highly sought-after Euclid St Paul neighborho...
2566 N San Mateo Dr
North Port, FL 34288
Port Charlotte Sub 49
Residential
MLS# T3450873 / Active
Situated on 1/4 acre, this 3 bedroom 2 bath single family is waiting for you to call home. The light and bright floor plan consists of a formal liv...
11011 Water Lily Way
Lakewood Ranch, FL 34202
Riverwalk Village Subphase F
Residential
MLS# T3450607 / Active
Welcome to 11011 Water Lily Way, located in the beautiful community of Lakewood Ranch. This stunning property presents an exceptional opportunity t...
790 Dedication Court
Nokomis, FL 34275
Laurel Gardens
Residential
MLS# A4572926 / Active
This beautiful, well kept home is conveniently located close to Venice beach, shopping, restaurants, a shot drive to Downtown Venice. This home fea...
1380 Landings Point
Sarasota, FL 34231
Landings Treehouse
Residential
MLS# A4571643 / Active
Beautifully renovated mid-century modern vibe TREEHOUSE in The Landings, one of Sarasotas most desirable deed-restricted, 24-hour security gated co...
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