03/30/2026
Confident buyers understand the language of lending. Let’s break it down:
📌 Pre-Approval vs. Pre-Qualification: Pre-qualification is an estimate. Pre-approval is verified by a lender and carries real weight with sellers when submitting an offer.
💳 Debt-to-Income Ratio (DTI): The percentage of monthly debt compared to income. This number directly impacts how much a lender will approve.
📝 Amortization Period: The length of time it takes to pay off a mortgage in full, influencing monthly payments.
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