Pre-Qualified vs. Pre-Approved: Whats the Difference?

Author: External Author | | Categories: Mortgage Broker , Mortgage Professional

FHA Streamline Refinance Middletown

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.

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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



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