Many homebuyers have asked, "What the heck is the difference?" Let's quickly break it down.
Getting prequalified for a mortgage loan is a rough estimate of how much you can afford in terms of a loan. It's quick and it gives you a ballpark idea of a price range, but it does not guarantee you a loan or specific loan amount.
On the other hand, getting pre-approved takes your credit, employment, and other important information into account. A preapproval from a mortgage lender is an actual written commitment that says they will finance your loan up to a certain amount.
I've always thought the terms were a little confusing, considering how similar they are. No matter what, if you're looking for a new home, getting prequalified and preapproved is an excellent first step when it comes to looking at properties.
I can help with any other questions that may come up. Send me a message jesse@yourlakefriend.com and I will be happy to help.
Below are the newest local listings to browse.
| Class | Total Number | Price | Beds | Baths | Age |
|---|---|---|---|---|---|
| Residential | 307 | $624,654 | 3.5 | 2.8 | 29.8 |
Click Save Search below for new listings by email when listed.
If you would like to sell your property, it is a great time. Our market is hot.
Click Here to Call Now 573-873-6645
345 Liahona Circle
Sunrise Beach, MO 65079
Websters Liahona
Residential
MLS# 3533879 / Active
It's the waterfront house that everyone is talking about! Grand 8200 square ft. lake house on 189 feet of flat, cove protected lakefront. No expens...
6620 Lake Pointe Drive UNIT #23
Osage Beach, MO 65065
Lake Point Condominium
Residential
MLS# 3534006 / Active
Completely Updated, Elegantly Casual, Turn-Key, Waterfront Villa located on KK in Osage Beach. Lake Pointe is a Gated & smaller, more private & ex...
206 Cedar Road
Lake Ozark, MO 65049
Horseshoe Bend # 8
Residential
MLS# 3533997 / Active
Are looking for a quiet wooded setting with privacy, yet 5 minutes from town? This will feel like home as soon as you walk through the door. Wonde...
345 Osage Highlands Loop
Camdenton, MO 65020
Osage Highlands
Residential
MLS# 3533992 / Active
Charming Lakefront 3 br 2 ba home meticulously cared for in prime location on the 32 mm of the Osage, near the confluence of both Linn Creek Cove a...
26867 & 26 Cherokee Drive
Rocky Mount, MO 65072
Residential
MLS# 3532073 / Active
4.5 Acres with Lake Access through a community ramp. Main Cabin has a well, septic and elec. 2nd little cabins approx. 400 sqft on the property, ...
237 Grandview Drive
Lake Ozark, MO 65049
Villas At Grandview
Residential
MLS# 3533991 / Active
Wonderful updated villa in premier development at the lake, The Villas at Grandview! Expansive view from this 4 bedroom, 3 bath villa! Main level...
1114 Buckridge Road
Climax Springs, MO 65324
Coffman Bend #2
Residential
MLS# 3533988 / Active
This cozy turn-key lake home has all the features you are looking for! It features 9 Ft Ceilings, a split floor plan, a designer Kitchen with Islan...
75 Cedar Heights Lane UNIT 4-D
Camdenton, MO 65020
Cedar Heights Condominium
Residential
MLS# 3534005 / Active
Check out this New Listing at Cedar Heights-Top floor, End unit Condo with 4 Bedrooms, Vaulted Ceilings throughout and 2 Boat Slips-12x30 each, whi...
913 Crawford Drive UNIT #201
Sunrise Beach, MO 65079
Sunrise Point
Residential
MLS# 3533980 / Active
Lake Front Condo on walk-in level-only 3 steps from parking area to condo walkway & Dynamite Fantastic Unrestricted View of Large cove & main chann...
1270 Boot Drive
Camdenton, MO 65020
Residential
MLS# 3533899 / Active
Work in Progress!! Just 15 min from Camdenton. This little spot has lots of potential. There is plenty of room in the open living/kitchen areas. Ki...