09/27/2026
Pre-qualified vs. pre-approved—what’s the difference? 🏡
Pre-qualified is an early estimate of what you may be able to afford, based on the information you provide.
Pre-approved means a lender has taken a closer look at your finances and confirmed a potential borrowing amount, subject to final approval.
One gives you a starting point. The other gives you a stronger plan—and more confidence when it’s time to make an offer.
Thinking about buying? Let’s make sure your first step is the right one.
Tara West
Team Partner & Sales Representative
North Group Real Estate
416.428.1424