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.

Averages based on current search criteria as of 10/27/2021 2:30 PM
Class Total Number Price Beds Baths Age
Residential586$588,4633.52.732.0

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Displaying results 1-10 of 586
41 Photos 442 Regatta Bay Drive Lake Ozark, MO 65049

442 Regatta Bay Drive
Lake Ozark, MO 65049
Regatta Bay Condominium
Residential

MLS# 3540143 / Active
2 br, 2 ba, 1300 sqft

You will love this furnished lakeside condo located on the Beautiful Lake of the Ozarks.The current owners pride of ownership shows with the recent... 

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$299,900
Provided courtesy of DENNIS NEWBERRY of Ozark Realty
35 Photos 541 Passover Road Osage Beach, MO 65065

541 Passover Road
Osage Beach, MO 65065
Residential

MLS# 3540132 / Active
4 br, 2 ba, 1996 sqft

Wonderful Lake View Home in the Heart of Osage Beach! This 4 bedroom home with a generous 1,996 sqft open floor plan has room for any family to exp... 

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$249,900
Provided courtesy of PEGGY LYNN ALBERS of Keller Williams L.O. Realty
47 Photos 423 Hillside Drive Lake Ozark, MO 65049

423 Hillside Drive
Lake Ozark, MO 65049
Kays Point #1
Residential

MLS# 3538777 / Active
5 br, 3 ba, 1 half bath, 3400 sqft

Four Seasons convenience with the privacy of an acre+ lot and seasonal views of Six Mile Cove! 3400 sq ft 5 bedroom, 4 baths with soaring vaulted ... 

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$525,000
Provided courtesy of JEFFREY D KRANTZ of RE/MAX Lake of the Ozarks
28 Photos 60 Hidden Drive Camdenton, MO 65020

60 Hidden Drive
Camdenton, MO 65020
Hidden Oaks Estates
Residential

MLS# 3540035 / Active
4 br, 2 ba, 1 half bath, 2340 sqft

Don't miss your chance at owning this beautifully updated home in the Camdenton school district. This 4 bed, 3 bath home was taken down to the stu... 

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$299,900
Provided courtesy of JASON WHITTLE of RE/MAX Lake of the Ozarks
50 Photos 31080 Red Arrow Road Rocky Mount, MO 65072

31080 Red Arrow Road
Rocky Mount, MO 65072
Residential

MLS# 3540153 / Active
5 br, 4 ba, 2891 sqft

This home is conveniently located on Red Arrow Road with 100' of lake frontage in the back of Kitchen Cove on 2.1 acres so you have a nice lake vie... 

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$330,000
Provided courtesy of GREG TOLBERT of ReeceNichols Lake of the Ozarks
29 Photos 615 Owen Point Road Camdenton, MO 65020

615 Owen Point Road
Camdenton, MO 65020
Country Oaks Estates
Residential

MLS# 3540145 / Active
3 br, 2 ba, 2400 sqft

HGTV WOULD APPROVE! This exceptional home has been completely renovated & ready for new owners. The open floorplan will capture your attention as s... 

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$269,900
Provided courtesy of SHERRY STEVENS TEAM of Keller Williams L.O. Realty
50 Photos 200 Eagle Avenue Gravois Mills, MO 65037

200 Eagle Avenue
Gravois Mills, MO 65037
Indian Rock Estates
Residential

MLS# 3540120 / Active
3 br, 2 ba, 2588 sqft

DOESN'T GET MUCH NICER THEN THIS BEAUTIFUL RANCH home on Indian Rock Golf Course. Located on a manicured Large corner lot. The home features a aw... 

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$320,000
Provided courtesy of Beverly Gibson of RE/MAX at the Lake
30 Photos 401 Dunstan Drive Eldon, MO 65026

401 Dunstan Drive
Eldon, MO 65026
Friedrich Addition
Residential

MLS# 3540141 / Active
4 br, 2 ba, 1400 sqft

A huge package with a small price tag!!! This 4 bedroom, 2 bath home is located in a great part of Eldon that is just outside of the busyness but s... 

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$149,900
Provided courtesy of JASON WHITTLE of RE/MAX Lake of the Ozarks
49 Photos
Open House: Sat Oct 30th, 11:00am - 2:00pm
121 Palmer Drive Four Seasons, MO 65049

121 Palmer Drive
Four Seasons, MO 65049
Country Club Estates No. 1
Residential

MLS# 3540073 / Active
3 br, 2 ba, 1 half bath, 3069 sqft

Looking for Privacy & Charm? Then take a look at this beautiful home on a double lot in Four Seasons. Located in a very sought after neighborhood i... 

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$495,000
Provided courtesy of CIERRA GREIN of Keller Williams L.O. Realty
21 Photos 397 Shell Bay Circle Linn Creek, MO 65052

397 Shell Bay Circle
Linn Creek, MO 65052
Landsdale
Residential

MLS# 3540108 / Active
3 br, 1 ba, 750 sqft

We found your super simple serenity spot! Beautiful lake views are included plus this small community has a dock where you can swim and watch the ... 

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$149,900
Provided courtesy of JASON WHITTLE of RE/MAX Lake of the Ozarks

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