12/09/2024
π Hereβs something every buyer should know: Whatβs the difference between Pre-Approval and Pre-Qualification? Letβs break it down: β Pre-Qualification: A quick estimate of what you might be able to borrow. Itβs based on basic info you provide, with no formal verification. β Pre-Approval: A detailed process where a lender verifies your income, credit, and assets. This gives you a firm borrowing limit and makes your offers much stronger. In a competitive market, pre-approval gives you the upper hand! DM me if youβre ready to take this important step or have any questions. π‘β¨