Pre Approval vs Pre Qualification

Pre Approval vs Pre Qualification

What's The Difference?

A Pre Approval is when you send me income documents, we verify your down payment, and we go through your credit report with a fine tooth comb.

⭐This gives you an EXACT amount for your home purchase.

👉A Pre Qualification is a conversation to determine if you are ready to obtain a pre approval.

I will ask you questions like:

• How long have you been with your employer?
• How much do you have saved for a down payment?
• What are your current monthly debt liabilities?