Monthly Archives: March 2018

What’s the Difference Between Mortgage Prequalification and Preapproval

As you prepare to purchase a home, chances are you’ve come across the terms mortgage pre-approval, mortgage pre-qualification. What’s the difference between the two? Read on… The Similarities: Both can help estimate the loan amount that you will likely qualify for. The rule of thumb is Prequalification is good, but Preapproval is best. Regardless of […]