mortgage prequalification, preapproval and final loan

heavenhack7 · Joined: 05 Apr 2007 Posts: 73 0.78 Dollars($)

What are the differences between;
mortgage prequalification,
preapproval
and final loan approval?

miller_st · Joined: 17 Jan 2007 Posts: 917 168.82 Dollars($)

Hi Heavenhack,

Getting pre qualified means that depending on the basic information you provide you may be offered a mortgage while for pre approval you have to submit a loan application to lender.

Please go through this page to know more about the difference between the two: Pre-Qualification and Pre-Approval

Miller

Guest 0.10 Dollars($)

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