Pre-Approval vs. Pre-Qualification: Which Is Better?

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Getting pre-approved is better than getting pre-qualified when buying a home, but there are certain things your lender will need from you in order to get you pre-approved.

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What is a pre-approval? Why is it crucial to the home buying process?

A pre-approval is a stronger commitment from a lender than a pre-qualification. Getting pre-approved can give you an edge when there are multiple offers on a home. A pre-qualification does not pull a credit report, and therefore is less reliable. Your offer may be rejected if you only offer this.

 

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Getting pre-approved can give you an edge when there are multiple offers on a home.
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Here’s a list of what you might be asked for to get pre-approved for a home loan:

1. The social security numbers of both you and your spouse if you’re both applying for the loan together. This allows the lender to run an accurate credit check on you.
2. Copies of your checking and savings account statements from the last six months.
3. Documentation of other assets you might have, like stocks or bonds.
4. Recent pay stubs showing your earnings from your job and the contact information of someone who can confirm that you work there.
5. A list of all credit card accounts with current balances.
6. Your last two years of income tax returns.

Each lender might have other requirements for your pre-approval so if you have any questions about this topic, don’t hesitate to give us a call or send us an email. We’d be happy to help you.

West Pointe Woods Neighborhood – Homes For Sale in Livingston County

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Subdivision EntranceLooking for Michigan homes for sale in a well-maintained, safe neighborhood near Pinckney, Michigan? West Pointe Woods is where you want to be and currently has several homes for sale for you! This beautiful Michigan Real Estate is located in a safe and friendly city where you are greeted around every corner with children laughing and birds singing. Ann Arbor Home Buyer Tips insists that Livingston County is a perfect county to live in when you are an adventurous soul looking for trails, activities, and social events. You can find all of the Parks and Recreation offered near your new neighborhood here! West Pointe Woods Neighborhood allows individuals a place to feel comfortable and make their own while enjoying social functions such as board meetings and neighborhood events!

This Michigan Real Estate neighborhood backs into the marvelous Rush Lakes Golf Course – Owned by Henry Ford Hospital. Knowing that all of Rush Lakes profits from the Golf Course go to cancer research gives locals just one more reason to play golf and support a cause we should all be passionate about! Most Michigan Real Estate does not offer the incredible, blue Portage Chain of Lakes located only a short five minutes away from your new home.

3233460.00Livingston County area was first settled in 1827 and since has made a legacy. You will not be disappointed by the location of West Point Woods Neighborhood and the beautiful Michigan homes near you! Surrounded by nature and beautiful landscape that your neighbors takes pride in maintaining. Wondering about your local transportation? Livingston County Airport offers a wide range of services supporting the needs of locals and providing safety and resources for all. It is conveniently located near three local highways to allow easy access to US 23, I-96, and M-59. Interested in knowing who is listening to your needs in Livingston County? Click here to find out who you can contact for your concerns. Worried about the safety and crime rates in the area? No need to worry – You are safe located next to The Livingston County 911 Central Dispatch and Emergency Management where their mission is to provide the highest quality of life to all individuals in Livingston County. Only a few miles down the road the community loves to stays active with events such as the Farmers Market and their Community Yard Sales. Do you have children active in school courses and extracurricular activities? Livingston County delivers the best of education for all Michigan students active and ready to learn. See all school’s located in Livingston County School District and enroll your children today!

Have some goods you would like to share with the community?

1. Apply here to become a part of the Pinckney Farmers Market! 

2. Apply here to join the Community Yard Sale

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West Pointe Woods Neighborhood homes for sale will make your dreams start to unfold! We are ready to provide you with Ann Arbor Home Buyer Tips and the most recent Michigan Market Updates. We want you to find a home for sale that you are comfortable in and we will not stop until we hear the word from you! One of the top homes in this neighborhood is currently for sale and you can see the virtual tour here! Stay up to date with Michigan Market Updates! The market is HOT and you do not want to miss out on this location!  See all active listings in Dexter MI here!  Many individuals spend too much time worrying the details – The Toth Team promises a stress free experience!

Get ready to invest and improve!

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Keep The Big Picture in Mind

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Make the Move Today!

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Toth Team, Worldwide Network

Your Ann Arbor Real Estate Experts

Keller Williams Realty

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Kathy Toth and Team are Washtenaw County and Livingston County, Michigan real estate experts who will guide home buyers and sellers through the entire real estate process. Our extensive knowledge of Washtenaw County areas, combined with decades of expertise in the local real estate market is extremely valuable to helping you achieve your goals. For quality service and personal attention during your real estate transaction, contact Kathy Toth and Team for all your home buying and selling needs.

Remember if  you have a house to sell, ask about Your Home Sold Guaranteed  

We want to be your real estate agents!

Seven Important Buyer Tips – Work with a Buyer’s Rep When Purchasing a Home

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Interest rates at favorable levels and a good selection of homes provide an opportunity for Ann Arbor Area buyers. Here are a few things to for buyers to keep in mind:

1. Know what you can afford before you fall in love with your dream home.

2. Consider additional expenses that come with owning a home like property tax, insurance, and repairs.

3. Be flexible on the little things. It would be wonderful to find a home with everything you want, but those are hard to come by – distinguish nice-to-haves and must-haves early.

4. Have imagination and look beyond paint colors, wallpaper, or other easy and affordable things you can change.

5. Don’t compromise on the big things, such as enough bedrooms to accommodate additions to the family or space for an office if you work from home.

6. Always inspect even if the surface looks great; it’s important to know if anything major is wrong and what it will cost to fix.

7. Think about the future in regard to the neighborhoods, surroundings, schools, and developments. Be sure to check out our Ann Arbor Area neighborhoods with videos.

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Currently there are 375 Active Listings in just Ann Arbor alone.  They range in price from $55,900 to $2,500,000.  This is a perfect buyer’s market with low interest rates.  Don’t rent when you can buy!

Meet the Kathy Toth and Team Buyer Agents.  These professional REALTORS are available to help you find your  Area dream home. To purchase a home in Ann Arbor or the surrounding real estate market, contact one of the Kathy Toth and Team Accredited Buyer’s Representatives.  Marcia White, Linda Woodard or Michael Dailey will take you through the entire buying process from beginning to end providing expert assistance every step of the way. 

Marcia White  – Associate Broker — An Accredited Buyer’s representative in the business since 1984, Marcia has experience ranging from an escrow closing officer to a broker owner with an international franchise.  She excels at utilizing this wealth of knowledge helping people fulfill their dreams of home ownership.  Phone:  (734) 395-8983

Linda Woodard – Associate Broker – An Accredited Buyer’s Representative with 15 years in the business, Linda specializes in helping our buyers realize their real estate goals. Linda’s knowledge of the market and needs of the people she works with makes her your greatest advocate.  Phone:  (734) 216-6804

For further information on Buyer Representation contact the Kathy Toth and Team Members at  734-669-0337

Search for homes on the market in Ann Arbor and the surrounding area.