Provided as a Service of Ken Teske, REALTOR KenTeske.com
	Financing Your Home: How much home can you afford? Prequalification will define the numbers. Preapproval will "show you the money." Preapproval is a detailed approach that can give you a firm decision on a home loan. It makes you a cash buyer in sellers' eyes. Prequalification establishes how much you can afford to borrow based on how much you have, earn and owe. Prequalification is not an assurance of mortgage approval. Preapproved buyers have increased bargaining power, because sellers are more likely to negotiate with preapproved buyers who can close on a home more quickly. Call 7 days a week toll free 1-888-786-9168 (Click for the Coldwell Banker Mortgage site.)

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