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Pre-Qualification vs. Pre-Approval
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Understanding Pre-Qualification vs. Pre-Approval: What Every Homebuyer Needs to Know!
In today's video, we break down the crucial differences between being pre-qualified and pre-approved for a mortgage. Learn why pre-approval carries more weight with sellers, what documentation you'll need for each process, and how these steps fit into your home buying journey. Perfect for first-time homebuyers and anyone looking to understand the mortgage process better!
Key topics covered:
✅ Pre-qualification: The quick estimate
✅ Pre-approval: The detailed verification
✅ Required documents for each process
✅ How long each process takes
✅ Which one sellers prefer
✅ When to get pre-qualified vs. pre-approved
In today's video, we break down the crucial differences between being pre-qualified and pre-approved for a mortgage. Learn why pre-approval carries more weight with sellers, what documentation you'll need for each process, and how these steps fit into your home buying journey. Perfect for first-time homebuyers and anyone looking to understand the mortgage process better!
Key topics covered:
✅ Pre-qualification: The quick estimate
✅ Pre-approval: The detailed verification
✅ Required documents for each process
✅ How long each process takes
✅ Which one sellers prefer
✅ When to get pre-qualified vs. pre-approved
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