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 | 562 | $607,264 | 3.6 | 2.7 | 30.6 |
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.
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152 Osage Place
Sunrise Beach, MO 65072
Osage Place
Residential
MLS# 3538481 / Active
Everything is updated and shows wonderfully in this two bedroom, one bath lake house that sits right on the waters edge. Great location towards th...
5112 Osage Beach Parkway
Osage Beach, MO 65065
Hawks Nest Lodge Condominium
Residential
MLS# 3538405 / Active
Hawks Nest Condominiums is a wonderful, quiet development with the BEST location at the Lake of the Ozarks! Seconds off Highway 54 in the heart of ...
5112 Osage Beach Parkway
Osage Beach, MO 65065
Hawks Nest Lodge Condominium
Residential
MLS# 3538389 / Active
As we all know, location, location, location is what's it's all about when it comes to real estate! This condo is centrally located within 5 minut...
649 Castle Garden Road
Sunrise Beach, MO 65079
Castle Gardens
Residential
MLS# 3538396 / Active
Opportunity knocks when there are 2 homes connected by a common reception area that leads outside to massive decks overlooking the Lake Of the Ozar...
5112 Osage Beach Parkway
Osage Beach, MO 65065
Hawks Nest Lodge Condominium
Residential
MLS# 3538398 / Active
If being close to everything is important to you, with easy access in and out of town, this is the condo for you! Small quiet development that self...
1481 Ledges Drive
Osage Beach, MO 65065
Ledges
Residential
MLS# 3538474 / Active
Turn-Key Ledges 3BR/2BA Condo is rare find! Unit 1 level up from parking, with garage just yds away from front door & boat-slip visable from Lakefr...
1481 Ledges Drive UNIT B-12
Osage Beach, MO 65065
Ledges
Residential
MLS# 3538476 / Active
This beautiful condo is being offered as ""Turn Key"" with a 16' x 44' Cruiser Slip with a tall roof, one of the largest slips available at the Led...
40 Lighthouse Landing UNIT 6-203
Lake Ozark, MO 65049
Lighthouse Landing Condominium
Residential
MLS# 3538483 / Active
Great opportunity to own in the very popular Lighthouse Landing Condo Community. This fully furnished 2 bed/ 2 bath condo comes turn-key and is re...
56 Muirfield Court
Porto Cima, MO 65079
Heritage Isle
Residential
MLS# 3538442 / Active
Extraordinary Porto Cima home on an exceptional lot, main channel views, cove protection, a view of #13 on the Nicklaus Signature Golf Course, AND ...
5745 Leawood Court
Osage Beach, MO 65065
Woodland Cove
Residential
MLS# 3538479 / Active
Remarkable location in a gated community with nearby elementary school, hospital, shopping, restaurants and more! Home features 4 garages - two on...