Pre-Qualification vs Pre-Approval When a Buyer provides a pre-approval or pre-qualification letter, do you know the difference? Pre-Qualification Letter Prospective Buyers will often present a Seller with a pre-qualification letter to demonstrate their ability to obtain financing. However, most sellers do not realize a pre-qualification letter is NOT the same as a pre-approval. Receiving a pre-qualification letter simply means that the Buyer told the lender that they have good credit and make a particular … [Read more...]
First Time Home Buyer Grant Money Now Available in St. Tammany
St. Tammany Parish Soft Second Program Provides 100% Financing - First Time Home Buyer Grant Program First time home buyer grant money is now available to assist buyers with purchasing their dream home in St. Tammany Parish. A qualified purchaser will receive a Soft-Second Loan for 20% of the purchase price up to $30,000 available for down payment and up to $5,000 for closing cost based on need. Maximum Purchase Price $200,000 for qualified home buyers to purchase a new or existing home for Single family or 2-unit … [Read more...]