Earnest money deposit Pre-approval Pre-qualification 
Redfin
JULY 30, 2025
Knowing your true budget means going beyond just what a lender will approve you for. Get pre-approved for a mortgage and have cash ready One of the biggest signals to sellers that you’re serious is a mortgage pre-approval letter. Why pre-approval matters: It gives sellers confidence in your ability to close.
Rochester Real Estate
NOVEMBER 5, 2015
Factors such as earnest money deposits, loan approvals, and real estate agent involvement should be considered. Begin by confirming your loan approval and securing a complete and documented pre-approval from your lender. It is vital to understand the legal and ethical implications of this approach.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Redfin
JULY 17, 2025
Earnest money deposit: A higher deposit signals serious intent and financial stability. Get pre-approved: A pre-approval shows the seller you’re financially ready and serious—it’s stronger than a pre-qualification. Contingencies : Fewer or shorter contingencies (e.g.
BAM Media
FEBRUARY 21, 2025
or The Difference Between Pre-Approval and Pre-Qualification. Very rarely do people log on thinking, I really hope I learn something about earnest money deposits today! Im talking about those generic educational videosthings like 5 Tips for First-Time Homebuyers, What Is a Balloon Mortgage?
Redfin
JULY 30, 2025
Should I get pre-qualified or pre-approved for a mortgage? If you’re considering buying a home, you’ve likely heard of getting pre-qualified or pre-approved. Pre-qualification: An informal lender evaluation of your finances, estimating affordability.
Rochester Real Estate
NOVEMBER 5, 2015
For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? Many of these former homeowners would love to get back into owning a home, but how?
CT Homes
AUGUST 31, 2020
There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Financing Issues.
Expert insights. Personalized for you.
Let's personalize your content