What is the Difference Between Mortgage Pre-Qualification and Pre-Approval?

  • Sep 23 2018

If you’re thinking of purchasing a home, you may have heard that Sellers will want to see that you’re pre-qualified or pre-approved before you submit an offer.  Sometimes mortgage lenders may use these terms interchangeably but knowing some basic differences can help you determine which is right for you.

Graphic displays difference between preapproval and pre qualification for mortgages

Posted in: L.I.F.E. Group Blog, Residential Real Estate



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