DO YOU KNOW THE DIFFERENCE...PREQUALIFICATION VS PREAPPROVAL?
DO YOU KNOW THE DIFFERENCE…PREQUALIFICATION VS PREAPPROVAL?
Prequalification VS Preapproval A prequalification is just a quick snapshot of where the borrower’s finances are with basically some verbal information that they are providing. With prequalification, the lender collects financial information from you but does not pull your credit report or review documents to determine what you can afford. You will receive a letter after your prequalified that…
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