Mortgage Pre-Approval Vs. Pre-Qualification

ethangregory Real Estate Leave a Comment

Pre-Approved? Pre-Qualified? Ethan Gregory, REALTOR, helps to clear up the confusion when it comes to mortgages. In the real estate world, we throw around terms like “pre-qualified” or “pre-approved” all the time and use them interchangeably. But in reality, there is a good difference between the two in regards to a mortgage. A pre-qualification letter is a statement from a lender …