Notes & Instructions

Today’s strategy is to educate your audience on common real estate terminology that they should know.

Strategy Type

Template

Strategy Day

Day 11

Notes & Instructions

Today’s strategy is to educate your audience on common real estate terminology that they should know.

Strategy Type

Template

Strategy Day

Day 11

Recommended Caption (copy & paste)

What’s the difference❓ A prequalification generally means that a mortgage lender collects some basic financial information from you to estimate how much house you can afford. Both prequalification and preapproval provide borrowers with an estimation of how much home they can afford. A mortgage preapproval is a more official step that requires the lender to verify your financial information and credit history. Documents required for a preapproval may include pay stubs, tax returns, and even your Social Security card. This means a preapproval is a stronger sign of what you can afford and adds more credibility to your offer than a prequalification. This will also allow you to show sellers a preapproval letter to demonstrate that your financial information has been verified and you can afford a mortgage. Follow for more tips ⬇

Buy | Sell | Lease | Invest

📱 Your Number
✉ Your email address
🌐 Your Website
🏢 Your Brokerage

Recommended Hashtags

#realestateterminology #realestatevocab #prequalificated #prequalified #preapproved #preapproval #buyingahome #CITYrealestate #Cityrealtor #Cityrealestate #Cityproperties

Recommended Caption (copy & paste)

What’s the difference❓ A prequalification generally means that a mortgage lender collects some basic financial information from you to estimate how much house you can afford. Both prequalification and preapproval provide borrowers with an estimation of how much home they can afford. A mortgage preapproval is a more official step that requires the lender to verify your financial information and credit history. Documents required for a preapproval may include pay stubs, tax returns, and even your Social Security card. This means a preapproval is a stronger sign of what you can afford and adds more credibility to your offer than a prequalification. This will also allow you to show sellers a preapproval letter to demonstrate that your financial information has been verified and you can afford a mortgage. Follow for more tips ⬇

Buy | Sell | Lease | Invest

📱 – Your Number
✉ – Your email address
🌐 – Your Website
🏢 – Your Brokerage

Recommended Hashtags

#realestateterminology #realestatevocab #prequalificated #prequalified #preapproved #preapproval #buyingahome #CITYrealestate #Cityrealtor #Cityrealestate #Cityproperties