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If you are thinking about buying a home, you are going to want
a pre-approval, not a pre-qualification. Here is why.

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What is the difference between a pre-qualification and a pre-approval when it comes to getting a mortgage? We hear this question all the time and there seems to be a lot of confusion, so we are clearing the air today.


With a pre-qualification, all you have done is answer a few questions about your FICO score, the amount of money you make, and your total debt. That is as far as most pre-qualifications go.


A pre-approval, on the other hand, means a lender has verified your income, your FICO scores, your employment, and debt status.

Having a pre-approval makes a big difference.


When you go out to buy a property, having a pre-approval makes a big difference over having a pre-qualification, especially when you are competing with multiple offers in this market. The seller is going to take the full pre-approval much more seriously than a simple pre-qualification.


If you have any questions for us or want to get started on getting the full pre-approval process done, please feel free to give us a call or send us an email. We look forward to hearing from you soon.