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What is the difference between a mortgage pre-qualification and pre-approval?
Posted : 28/04/2024 3:07 pm
The difference between pre-qualification and pre-approval is that pre-qualification is a shorter process that is based on your self-reported financial information, while pre-approval requires more documentation and is a lengthier process. Neither pre-qualification nor pre-approval guarantees a loan, but they can help you more easily find a home within your budget.
Posted : 30/04/2024 9:59 pm