Home Buying in Bear>Question Details

Angie, Home Buyer in Bear, DE

Pre-approval or good faith estatement?

Asked by Angie, Bear, DE Thu Mar 26, 2009

Which is better when starting to house hunt, pre-approval or good faith estatement?

0 votes Share Flag Home Buying in Bear

Help the community by answering this question:


At the beginning of your search you request a preapproval from your lender. A preapproval is a document from a lender used in conjunction with making an offer on a home giving the sellers confidence that you are qualified to purchase their home. A good faith estimate is a document disclosing the fees that are expected to be incurred at settlement. You will receive this after you apply for the loan on a particular house. Hope this helps. Feel free to contact me with any questions or concerns you may have.............................chris

0 votes Thank Flag Link Thu Mar 26, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer