When you look at the global realm of homebuying, think about home financing pre-qualification being a learner’s license, while a preapproval page is just a permit to operate a vehicle.

When you look at the global realm of homebuying, think about home financing pre-qualification being a learner’s license, while a preapproval page is just a permit to operate a vehicle.

A pre-qual page can allow you to get on the way to homeownership, but does not show it is possible to get the exact distance. Having a preapproval letter, you’re within the fast lane.

Home loan mortgage or pre-qualification preapproval?

Continue reading “When you look at the global realm of homebuying, think about home financing pre-qualification being a learner’s license, while a preapproval page is just a permit to operate a vehicle.”