What Is The Difference Between A Pre-Qualification & A Pre-Approval?
A mortgage pre-qualification can easily be defined as an estimation of how much a buyer can borrow. You can continue to my Tools and Calculators page in order to get a rough estimate for your mortgage. These tools are used as a quick estimate and does not mean you have been pre-approved.
A mortgage pre-approval, however, is what every home buyer should obtain prior to looking at homes. A mortgage pre-approval can be easily defined as a written commitment for a buyer