What is a pre-qualification vs. a pre-approval?
Becoming pre-qualified for your mortgage is an important step before you shop for a home. It tells you how much home you can buy and makes applying for your mortgage easier; however, it is not a commitment to lend. A Metro CU mortgage pre-approval gives you additional leverage with a seller in negotiating the best possible terms of the sale. A mortgage pre-approval from Metro CU is our commitment to lend. If you feel that you are ready to purchase a property, complete and submit a complete application to Metro CU. We will perform a complete credit and income review and determine your eligibility. A Metro CU commitment to lend is issued subject to the property information.
