Today's topic is: Pre-qualification vs Pre-approval and how they affect your search for Real Estate in Palm Beach.Before getting into what's what, the basic idea is that BEFORE you start looking around for your new Home, you need to know how much you can borrow. (If you're paying cash, just skip ahead to the next article!)That makes a lot of sense - but you would be surprised at how many Clients want to look at Property before checking into a mortgage.I've had many people come to me over the years trying to get a Loan to buy property that they couldn't possibly get approved for. I felt badly for them - they found they Home they'd been dreaming about and then got a big disappointment.In addition to that, most Realtors® won't even take a Buyer out to look at property if they haven't been...
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