๐๐ผ๐ป'๐ ๐น๐ฒ๐ ๐ท๐๐๐ ๐ด๐ฒ๐๐๐ถ๐ป๐ด '๐ฝ๐ฟ๐ฒ๐พ๐๐ฎ๐น๐ถ๐ณ๐ถ๐ฒ๐ฑ' ๐ฐ๐ผ๐๐ ๐๐ผ๐ ๐๐ผ๐๐ฟ ๐ฐ๐ต๐ฎ๐ป๐ฐ๐ฒ ๐ฎ๐ ๐ฎ ๐ต๐ผ๐บ๐ฒ!
๐๐ป๐๐๐ฒ๐ฎ๐ฑ, ๐๐ผ๐ ๐บ๐ฎ๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐๐ฎ๐ป๐ ๐๐ผ ๐ด๐ฒ๐ ๐ฝ๐ฟ๐ฒ๐ฎ๐ฝ๐ฝ๐ฟ๐ผ๐๐ฒ๐ฑ.
What is the difference?
Getting prequalified is the process of providing a mortgage lender with some background information like your credit, income, and expenses so the lender can help you determine how much you can afford and what you are likely to qualify for.
A preapproval, however, means you've provided the lender with proof of your income and assets and had a credit check to determine exactly how much you can be approved for. In some cases, a preapproval can show you are approved for a loan before making an offer, which makes your offer stronger and could help you win a bidding war.
๐ช๐ต๐ถ๐ฐ๐ต ๐ผ๐ป๐ฒ ๐ถ๐ ๐ฟ๐ถ๐ด๐ต๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐? ๐๐ถ๐๐ฒ ๐บ๐ฒ ๐ฎ ๐ฐ๐ฎ๐น๐น ๐ผ๐ฟ ๐ฐ๐ผ๐ป๐๐ฎ๐ฐ๐ ๐บ๐ฒ ๐ฑ๐ถ๐ฟ๐ฒ๐ฐ๐, ๐ฎ๐ป๐ฑ ๐'๐น๐น ๐ฏ๐ฒ ๐ต๐ฎ๐ฝ๐ฝ๐ ๐๐ผ ๐ต๐ฒ๐น๐ฝ ๐๐ผ๐ ๐ฑ๐ฒ๐ฐ๐ถ๐ฑ๐ฒ.
I can provide either one, depending on your unique situation and where you are in the house hunting process.The best part? The conversation is absolutely free, and there's no obligation.
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