Category: Advice for First Time Buyers

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Pre-Approval vs Pre-Qualification

Pre-Approval vs Pre-Qualification

The terms “mortgage pre-approval” and “mortgage pre-qualification” are often interchangeably, which makes it confusing to know which one you need.  It really depends on how your lender defines the service.  If they need to check your credit or not, and what real estate market you are in. Be sure and ask your lender exactly how...