Mortgage Pre-Approval vs Pre-Qualification

The first question that a Realtor would ask you is do you have Mortgage Lender approved amount?  Basically that mean the Realtor wants to know the amount the Banks has approved you.

This pre-approval is normally based on your Credit Score, Employment History, Assets and Liabilities.
I will need a two year residential history and 2 year work history.

If you have 100% CASH then nothing to worry as no mortgage is involved.

This is where I can help.  I will pull your Credit and will need documents to prove your credit worthiness.  Documents include the following:
1)  2 paystubs (1 month)
2) 2 Bank statements  (2 months)
3) 2 year W2 if employed and 2 year Tax Returned if Business Owner
4) Assets like 401K, IRA etc.
5) Any other income documents

Now what is a mortgage pre-qualification?  Pre-qualification is just an estimate of the amount you can afford to spend per month for mortgage.  It can also include the estimated amount of the property that you can buy. 
A  pre-approval on the other hand means a  lender has actually checked your credit and verified your documentation to approve a specific loan amount.  Usually the pre-approval is valid for a specific period of time. 

Please call me at 408-469-5086 with any pre-Approval or Mortgage Related Questions? You can email me at