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 | 575 | $566,892 | 3.3 | 2.5 | 30.9 |
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
35 Jill Road
Lake Ozark, MO 65049
Residential
MLS# 3550612 / Active
Wow! Don't miss out on the wonderful Lakefront Home. Large cove location with deep water and a Big View. Missouri Level driveway with an oversiz...
2 Horse Ridge Road
Rocky Mount, MO 65072
Residential
MLS# 3550611 / Active
Overlooking Dry Branch cove on the North shore, youll be drawn to the large decks on both levels, with generous room for entertaining guests and en...
62 Knox Road
Rocky Mount, MO 65072
Isla Del Sol
Residential
MLS# 3550573 / Active
Everyone enjoys the view from the top, but the BEST views come from this Isla Del Sol TOP FLOOR END UNIT! With an awe-inspiring vantage point that...
31879 Ginger Road
Gravois Mills, MO 65037
Idlewild
Residential
100 Trinity Pointe Drive UNIT 1L
Camdenton, MO 65020
Trinity Pointe Condominiums
Residential
MLS# 3550566 / Active
THIS MAGNIFICENT VIEW CAN BE YOURS to enjoy from this Exceptional 3 bedroom 3 bath condo located at the 31 MM! Open floor plan offers room for ente...
1209 S Maple Street
Eldon, MO 65026
Residential
MLS# 3550607 / Active
ATTENTION FIRST TIME HOME BUYERS, INVESTORS, OR ANYONE LOOKING FOR A DEAL!!! This 2 bedroom 1 bath home sits on a large lot in the booming town of ...
6336 Red Barn Road
Osage Beach, MO 65065
Harbour Ridge
Residential
MLS# 3550588 / Active
LARGE 6000+ Square foot FIVE BEDROOM home minutes from EVERYTHING at the Lake! Situated on a sprawling 2 acres with seasonal views of the lake with...
508 N. Hunter
Versailles, MO 65084
Residential
MLS# 3550571 / Active
Delightful ranch home in the right location. New LVP flooring and updated lighting set off this 3 bedroom home with a sizable fenced in back yard. ...
183 Upper Monarch Cove UNIT 2C
Lake Ozark, MO 65049
Monarch Cove Condominium
Residential
MLS# 3550615 / Active
Just hit the market! Check out this 3 Bedroom 2.5 Bath updated unit; wood laminate floors, tile floors, granite counter tops in kitchen, custom bui...