What’s the Difference Between Pre-Qualifications and Pre-Approval?

What’s the Difference Between Pre-Qualifications and Pre-Approval?

Posted by Shawn Simpson // September 29, 2021

What’s the difference between pre-qualification and pre-approval. The two terms are often used interchangeably, both by homebuyers and by some real estate professionals. However, they have entirely different meanings, and it’s essential to know the difference. What’s the Difference Between Pre-Qualifications and Pre-Approval? In a nutshell, a mortgage pre-qualification letter gets written when you fill out some […]


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