Pre-Qualification vs Pre-Approval

Filed under: Qualifying for a Mortgage Loan

What is “Pre-Approval” for a home mortgage and how is it different from a “Pre-Qualification”?

Why is a “Pre-Approval” important (if not critical) to the home buying process?

Why should Realtors make sure that all of their buyers are “Pre-Approved” as soon as possible?

The video below has all of these answers and more!


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