Article

Pre-qualification vs. pre-approval

Two terms that sound alike but carry very different weight with sellers.

When purchasing a home, it's important to understand the difference between a pre-qualification and a pre-approval.

Pre-qualification

An early estimate based on information you provide. It's a helpful starting point for budgeting.

A more thorough review of your credit, income and assets. Getting pre-approved can strengthen your negotiating power when making an offer.

General educational information only. Not financial advice or a commitment to lend.

Talk with Matthew about your goals, or start your secure application today.