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Blog Image: Pre-Approval vs. Pre-Qualification

Pre-Approval vs. Pre-Qualification

Now that you’ve decided to embark on the journey of purchasing your first home, let’s look into the necessary steps required to receive a mortgage. When it comes to mortgages, a good place to start is by learning about the process of pre-qualification and the process of pre-approval. In addition, how do you know when you’re ready to apply for either? To begin, let’s talk about the pre-qualification step. Although pre-approval and pre-qualification may sound relatively similar, there are some fundamental differences as they both represent different parts of t...

March 22nd, 2019 | First Time Buyer, Loan Process, Pre-Approval vs. Pre-Qualification