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marklavender1 · Joined: 13 Sep 2009 Posts: 120 -0.14 Dollars($)

What is the difference between a pre-qualified letter and a conditional approval letter?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Pre-qualified shows that you are qulified to get a loan for certian amoutn based on the current incoem and credit score

Conditional approval would be the lender would say you are qulified for cretian amount, but you need to fulfill certian conditiosn before the fianl process I comeplte.

That mayinclude paying off some of the credit cards or loans etc

annyb27 · Joined: 07 Jul 2009 Posts: 144 -1.08 Dollars($)

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pre-qualified letter vs conditional approval letter