Tagged : Mortgage pre-qualification

Found 1 blog entry tagged as "Mortgage pre-qualification".

The terms pre-qualified and pre-approved sound pretty interchangeable. In fact, there is a huge difference, which I promise to explain! But, before I get into that, let me address a more basic question. "What is a pre-approval and why do I need one?"

Here in Marin County, our real estate market, though active, has experienced a severe shortage of inventory for quite some time now. A recent check revealed slightly over a one month supply of homes for sale, while 4-5 months is considered healthy by many agents and analysts. One important cause of this shortage is the perception by potential sellers that prices are still too low for them to sell. With recent appreciation in the market, this is not necessarily the case, but it will take a while for

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