Applying for a Mortgage

Little Things Count

Applying for a mortgage Mortgage preapproval versus prequalified I prefer the term preapproved. Preapproved means the loan officer has verified your: income, assets and credit.   You have been approved with a “DU” Direct Underwriting eligible status from Fannie Mae.  A prequalification is nothing more than a phone conversation involving no credit or other verifications.  Read More