Archive for July 20th, 2007
20.07.07 » Mortgage-Loan, Preapproved or Prequalified: What’s the Difference?
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We get asked this question quite a lot by both sellers and buyers…the following is a good explanation.
Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. Real estate experts say it’s smart to urge buyers to become preapproved by their lender – not just prequalified.
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