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

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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 strength instead of from a position of weakness.

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People hire Mark Mitchell for results, for the unique experience and straight forward advice to help you MAKE INFORMED DECISION and avoid costly mistakes.😁 For more questions reach me at 404-353-☎️

Are you thinking about buying or selling your home? We would love to help! Give us a call or email us today to get started!

Mark Mitchell, Realtor