Getting prequalified for a mortgage is way better than getting pre-approved
Even if it sounds interesting, getting prequalified might not help you get home. The only real thing that you get out of it is that your lender will give an estimate for a loan.
It won’t prove that you’ll 100% get the funds. Instead, you might want to try and get a pre-approval letter. A pre-approval letter is by far one of the most efficient ways to save money on a mortgage.
Your pre-approval letter will show the seller you have your funds ready and you can buy the house right away. It’s an important difference that you needed to be aware of before deciding on anything.
I want out of my mortgage. The fixed APR is fine, I am getting tired of being nickeled and dimed to death by my mortgage company. Seems like every time I turn around they are tacking on some kind of new fee.