las vegas lender: Pre-Approval vs. Pre-Qualification: What is the difference?
- 01/06/12 03:02 AM
The Value of a Loan Pre-Approval for your Las Vegas Home Shopping Pre-Approval vs. Pre-Qualification: What is the difference? For many new Las Vegas homebuyers and their Real Estate Agents, the terms pre-qualification and pre-approval seem interchangeable. But they are not — and the distinction is an important one. When a homebuyer is pre-qualified, the lender performs a quick check to determine generally how large a home loan the buyer can afford. Essentially, when a buyer is pre-qualified, the lender is saying it would most likely approve the buyer for "x" amount. Pre-approval goes much deeper. In order to issue a (0 comments)