Tag: Prequalification

Posted on 07/18/2021
A Pre-Qualification Letter Doesn't Equal Being Pre-Approved
Photo by Tayeb Mezahdia via Pixabay When you start looking for your dream home, you need to know how much mortgage you will qualify for. Your real estate agent might ask you to get a pre-qualification letter. However, just because you are pre-qualified doesn’t mean that you will get the loan. You need a pre-approval for that, and...
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Posted on 08/02/2020
Preapproval vs Prequalified Letter: Which Is Better?
Photo by Lukas from Pexels If you're ready to get serious about your home buying journey, one of the first steps is seeing various lenders. As you become more familiar with the process, you'll likely hear the terms preapproval and prequalified mentioned again and again. We'll look at how each letter works and what you should know before...
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