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If you’re thinking about buying a home, you’ve probably come across the terms prequalified and pre-approved. They sound similar—but when it comes to getting the keys to your dream home, knowing the difference can make or break your offer.
Let’s break it down.
Think of prequalification as your starting point.
When you get prequalified, you’re sharing basic financial information—like your income, estimated credit score, and monthly debt. Based on that, a lender gives you a general estimate of what you might be able to borrow.
What it gives you:
But keep in mind:
Prequalification is helpful for getting your bearings—but it’s not enough when you’re ready to make a move.
Pre-approval is your proof of buying power.
With pre-approval, your lender reviews and verifies your actual financial documents—pay stubs, tax returns, bank statements, and a full credit report. Once approved, you’ll get a pre-approval letter that tells sellers and real estate agents you’re the real deal.
Why it matters:
Bottom line: Pre-approval isn’t just paperwork—it’s a strategic advantage that gives you clarity, confidence, and control.
In today’s market, homes move fast—and so do buyers. A basic prequalification simply doesn’t give you the edge you need. Sellers want assurance that a deal will close—and they’ll often skip over buyers without a solid pre-approval in hand.
At Kalamazoo Mortgage, we make the pre-approval process smooth, friendly, and judgment-free.
Whether you’re buying your first home, using VA benefits, or building back from credit challenges, we’re here to guide you—not pressure you.
Let’s turn your dream into a plan—and your plan into a set of keys.
Call: (269) 364-6000
Apply Online: https://kalamazoomortgage.com/apply