Getting pre-qualified rather than pre-approved Mortgage pre-qualification and mortgage pre-approval May sound alike, but they’re completely different. What is pre-qualification? Pre-qualification entails a basic overview of a borrower’s ability to get a loan. You provide a mortgage lender with information—about your income, assets, debts, and credit—but you don’t need to produce any paperwork to back […]
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source https://www.bostonreb.com/boston-condo-terms-difference-between-pre-qualified-and-pre-approval/
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