Pre-Qualified vs. Pre-Approved: Whats the Difference?
Most real estate buyers have heard that they need to pre-qualify or be pre-approved for a mortgage if they're looking to buy a property. These are two key steps in the mortgage application process. Some people use the terms interchangeably, but there are important differences that every homebuyer should understand.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: JEAN FOLGER
Original Article Posted on: Sep 15, 2020
Link to Original Article: https://www.investopedia.com/articles/basics/07/prequalified-approved.asp