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Provides a "ballpark" estimate of your borrowing power |
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Is based on summary information you provide on your income and assets |
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Requires satisfactory review of property, financial documents and program requirements to issue final approval |
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Is offered by most lenders |
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Provides proof to real estate agents and sellers that you're approved for a specific loan amount |
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Is based on a verification of your income, credit and assets (in some cases, verification may not even be necessary) |
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Requires a satisfactory appraisal and title review and no change in financial condition for final approval |
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Is offered by Countrywide as a service to you before you find a home at no cost |
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Is quick and easy |
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