Mixing up pre-qualification and preapproval is easy to do. But it’s important to know the difference because only one — preapproval — will put you ahead of the homebuying competition. What is pre-qualification? Getting pre-qualified for a loan is like asking your significant other’s parents for their approval before you propose. While it might be...
The article Pre-Qualification and Preapproval: What’s the Difference? originally appeared on NerdWallet.
from NerdWallet
https://www.nerdwallet.com/blog/mortgages/pre-qualification-vs-preapproval-whats-difference/
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