4 - What is a Pre-Approval / Pre-Qualification?
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4 - What is a Pre-Approval / Pre-Qualification?
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Today we’ll be talking about what is a pre-approval or pre-qualification.
We’ll also talk about what kind of documentation you may need to get that letter.
Let’s start at the beginning, a pre-approval or pre-qualification are both letters that your loan officer will create that states how much of a loan you could be approved for. This letter is used while you are shopping for homes as well as when submitting offers on homes.
See detailed show notes about Pre-Qualifications vs Pre-Approvals and when you need one.
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Dat Nguyen – Certified Mortgage Advisor
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