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HOW ARE PRE-QUALIFYING AND PRE-APPROVAL DIFFERENT?

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smithsara302 Joined: 12 Jun 2009 Posts: 116 -2.38 Dollars($)	Posted: Thu Sep 10, 2009 10:40 am    Post subject: HOW ARE PRE-QUALIFYING AND PRE-APPROVAL DIFFERENT? Like 0 Dislike 0 HOW ARE PRE-QUALIFYING AND PRE-APPROVAL DIFFERENT?
JKennedySLG Community Expert Joined: 01 Apr 2009 Posts: 408 Location: New Jersey/New York 20.05 Dollars($)	Posted: Thu Sep 10, 2009 11:20 am    Post subject: Like 0 Dislike 0 A Pre-Approval & Pre-Qualification are both pretty much the same thing. This is the letter stating that you are "pre-qualified" or "pre-approved" based on the current underwriting guidelines. There is no true difference, it's really just a matter of wording. I hope this helps... _________________ James Kennedy New York/New Jersey (732)979-7409 Hard Money & Stated Income Loans First Time Home Buyers (540+ Credit)

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