Real Estate 101: What Does It Mean to Be Pre-Approved for a Mortgage?

You’ve heard the term before, but do you really know what it means? Don’t feel embarassed, I didn’t really understand what it meant or the importance of being pre-approved for a mortgage until I started the process of searching for my first home.

You’ve heard the term before, but do you really know what it means? Don’t feel embarassed, I didn’t really understand what it meant or the importance of being pre-approved for a mortgage until I started the process of searching for my first home.

In this video and a number of other videos, we’ll be sharing this week Diann Patton of Coldwell Banker Grass Roots Realty will be defining some real estate terminology and explaining the basics of some of the most common but misunderstood parts when buying your first home.

Watch the video above or click here to view it on the Coldwell Banker On Location YouTube channel.

Husband. Father. Socializer. Mets Lifer. TV Afficianado. Consumer Engager.

David Marine is the Vice President of Brand Engagement for Coldwell Banker where he oversees the brand’s content strategy including acting as managing editor for the Coldwell Banker blog and heading up video production efforts. While Vice President by day, David runs a three ring circus at night as he is the father of 4 boys. He also happens to be married to Wonder Woman. True story.

Real Estate 101: What is a Mortgage?
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