Mortgage

Most people schedule real estate settlements late in the month to save on paying upfront cash, but the last-minute rush often causes mistakes and creates logjams.

To milk all they can out of their final rent checks, first-time buyers often try to schedule their closings as close to the end of the month as possible.

Knowing the difference between getting prequalified for a loan, and preapproved for a loan equips you to have the right information at the right time.  

Getting pre-qualified for a loan gives you an idea of how much you might qualify to borrow. You have not actually applied