For many new homebuyers, the terms pre-qualification and pre-approval seem interchangeable. But they are not — and the distinction is an important one.
When you get pre-qualified, I perform a quick check to determine generally how large a home loan you can afford. Essentially, when a buyer is pre-qualified, the lender is saying it would most […]
Related posts:
1. It’s Time To Re-Approve Your Pre-Approval
2. Why is pre-approval important? Do I have to go back to the same lender that originally approved me?
3. 6 Things To Avoid While Waiting For A Mortgage Approval
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