05/18/2023
Prequalification vs. preapproval can be the difference in being prepared when you find your dream home.
A prequalification only provides an estimate of what you can borrow and does not offer a guarantee, whereas a preapproval is a definitive answer to what you can borrow based on your credit score and documentation, validating your ability to purchase the home. The first step in purchasing a home is obtaining a preapproval from a lender. Connect with me today to get started!