4/27/2021
What's the Difference Between Preapproval and Prequalification? | Peter Palivos Attorney | Las Vegas | Real Estate Development
a What’s the Di erence Between Preapproval and Prequali cation? by Peter Palivos | Apr 15, 2021 | Las Vegas, Peter Palivos, Peter Palivos Attorney, Real Estate
Before a home buyer makes an appointment to preview a home, they should get their nancial house in order. A mortgage lender streamlines the process, and they can provide valuable tips on what to do about credit, debt, or income issues. A home lender can create a preapproval or a prequali cation letter. Once a buyer has this document, they are ready to start shopping, but there is a signi cant di erence between the two papers. Prequali cation Someone who presents a prequali cation has started the initial process of applying for a home loan. This means they talked with a lender and provided general information about their household income and debt. https://peterpalivos.com/whats-the-difference-between-preapproval-and-prequalification/
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