Mortgage Topics

Mortgage Topics

Pre-qualified vs. Pre-approved-What is the difference?

Pre-approval letters and pre-qualification letters are important documents for a homebuyer. A pre-approval letter is a written commitment from a lender that states the amount of money you are approved to borrow. On the other hand, a pre-qualification letter is an estimate of how much money you may be able to borrow from a lender. […]

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Mortgage Topics Pre-qualified vs. Pre-approved-What is the difference? Pre-approval letters and pre-qualification letters are important documents for a homebuyer. A pre-approval letter is a written commitment from a lender that states the amount of money you are approved to borrow. On the other hand, a pre-qualification letter is an estimate of how much money you may be able to borrow from a lender. […]

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