Financing

https:PREQUALIFIED OR PREAPPROVED WHAT IS THE DIFFERENCE?

When purchasing a home in an adult community the seller will make a decision on whether to accept your
offer based on:

Price Offered
Closing Date
Initial Deposit Money (Money down)
Amount of Mortgage (if any)
Contingencies

Being PREAPPROVED means that you have already found a mortgage company, who will loan you a
certain amount and preprocessing of your financial information has already taken place by the bank. Your
lender will issue you a PREAPPROVAL CERTIFICATE with the amount they will loan you including a locked
in interest rate. By having the PREAPPROVAL, the seller can consider you almost like a cash buyer,
because they know you have the funds for purchasing their home.

A PREQUALIFICATION is less secure to a seller. PREQUALIFICATION by a lender only states that you
are qualified for a certain mortgage amount, but no financial information of yours has been processed. You
still need to go through the approval process and could still be turned down for the mortgage. The seller
sees this more as a risk to them, because they would be taking their home off the market and the deal
could fall through if the financing is not given by the lender. The seller may counter your offer with a higher
price, because they would be taking more risk.

If you would like to apply for a PREQUALIFICATION OR A PREAPPROVAL from a National Lending
Corporation, we can be of help.

YES, I WANT TO GET PREAPPROVED NOW!

All contents of the website is considered to have current, accurate information, however, this website cannot warrant the accuracy of the
information contained and it is not guaranteed. This includes, but is not limited to, information contained in this website and information contained
in websites that are linked to by this website. No part of this website or its contents may be copied, reproduced, displayed, published or used for
private or commercial purposes without the express, written consent of Victor Picazio.

This website contains New Jersey real estate information presented by AdultCommunityRep.com and other websites on all areas of buying/selling
for Monroe Township adult community residential one-family homes, townhomes, condominiums, co-op, Monroe Township adult community new
home construction, Monroe Township adult retirement home communities, lease/rent, , For Sale By Owners (FSBO). This website permits a free
complete MLS search of New Jersey with homes throughout the state including but not limited to cities, such as Monroe Township, East Brunswick,
Spotswood, Jamesburg, Helmetta, South River, Plainsboro, Princeton, Marlboro, Manalapan, Middletown, Rumson, Long Branch, Colts Neck,
Matawan, Keyport, Sayreville, Parlin, Tinton Falls, East Windsor, West Windsor, Howell, South Plainfield, Avenel, Woodbridge, Carteret, Colonia,
Englishtown, Millstone, Neptune, within Middlesex County, Monmouth County, Ocean County, Somerset County. Extensive information pertaining to
all areas of real estate such as Finance reports, mortgage calculators, New Jersey Adult communities, school information, and Middlesex county
information are some of the information covered in detail.

Copyright ©2004-2006 AdultCommunityRep.com
All rights reserved.