When it comes to buying a home in the Ann Arbor area, a pre-approval is a stronger commitment from a lender than a pre-qualification. Getting pre-approved can give you an edge when there are multiple offers on a home. A pre-qualification does not pull a credit report, and therefore is less reliable. Your offer may get rejected if you do not have a pre-approval in this competitive market.
There are certain things your lender will need from you in order to get a pre-approval. Learn more about what these are, and check out our video blog about this topic, by clicking here.
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