skip to Main Content

Pre-Qualified VS Pre-Approved Explained

The first step in successfully shopping for a home is getting pre-qualified or pre-approved for a home loan.  In Fact, many buyer’s agents will not show a home unless you are pre-qualified or pre-approved.  The process is easy and quick.  Equally important, it will save you the time of shopping for a home you are not qualified to buy.



Getting pre-qualified is a cursory review of your credit, debt, income, and assets with your loan advisor.  Accordingly, will determine how many homes you can afford. In addition, will help find the loan program for your needs.   Spending almost a total of $900.00 for a home inspection and appraisal to find out later you are not qualified is disappointing. So, do it up front and save the pain.  Call us today to be pre-qualified.



A pre-approval is a more accurate review of your credit, debt, income, and assets. This data is entered underwriting software to determine your eligibility and the maximum amount you can be approved.  In addition, the file can be presented to underwriting for a conditional loan approval with a property address to be determined.  Complete an online mortgage application or call us.  We are available 7 days a week.

Rate Protection

CharterStone Mortgage also offers Rate Protection during the period you are shopping for a home.  Lock and Shop program offers a rate lock period of 60 to 90 days while shopping for your home. If the rates go down during that time you may float down to the lower rate. Call us today to lock your rate. Shop with confidence that your payment will be what you expect.

Be Prepared before shopping for your home

Being prepared to purchase your home makes the process stress free.  To that end, we prepare you in advance for an awesome experience. Our loan advisors are experienced and dedicated to providing our borrowers with the highest level of service. Call us today and you will experience the difference in our knowledge and professionalism.

Contact us today, we are available at your convenience 7 days a week.

Back To Top