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Mortgage Pre Qualification Form PDF

Mortgage Pre Qualification Form PDF

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pre-qualification versus pre-approval what is the real difference first it's important to know the answer to the question will depend on the lender you're talking to believe it or not it's not black and white in fact if you talk to a hundred different lenders you're probably going to get a hundred different answers that's because lenders define these things differently so it's important to know what they mean when they say pre-qualification versus a pre-approval the truth is it really doesn't matter what they call it what matters is the action that is taking place to ensure you are pre-approved before you go out and start shopping typically when a lender says that a client is pre-qualified essentially here's what happened the client has completed a loan application that's probably online it could have been over the phone the lender has pulled their credit and the borrower has provided income and asset documentation along with anything else that the lender has asked for now with that in

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