FAQ
Q: What is the difference between a pre-approval and a pre-qualification?
A: A pre-approval is a more thorough process than a pre-qualification. When you get pre-approved, the lender will verify your income, assets, and credit score. This gives you a more accurate estimate of how much you can afford to borrow. A pre-qualification is a less formal process that simply gives you an estimate of how much you may be able to borrow.
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