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What Is The Difference Between Pre-Approval And Pre-Qualification Letter?

Pre-approval letter means the lender🙋‍♂️has reviewed tax returns, W2’s, bank statements, pay stubs and verified employment. Pre-qualification means the lender👨‍💻has had a conversation with you and estimated what you can borrow based on what you tell them, but nothing is verified. Be proactive and get full pre-approved so you can negotiate from a position of […]