Pre-qualification uses your self-reported income and debt to provide an approximate estimate of your borrowing ability. Typically, it excludes a credit check.
Preapproval confirms the homebuyer’s creditworthiness before making a purchase contract. For this, the mortgage application is filled out, and the lender verifies the information provided, including the credit check.
If the applicant is preapproved, a preapproval letter is issued. It is an offer (but not a commitment) to lend the specific amount, good for 90 days.
Read full article here: - https://kimeckerthomes.com...
Preapproval confirms the homebuyer’s creditworthiness before making a purchase contract. For this, the mortgage application is filled out, and the lender verifies the information provided, including the credit check.
If the applicant is preapproved, a preapproval letter is issued. It is an offer (but not a commitment) to lend the specific amount, good for 90 days.
Read full article here: - https://kimeckerthomes.com...
How to Get Pre-Approved to Buy a Home in California - kim eckert homes
Looking to buy a home in California? Explore expert tips, market trends, and top property listings to make your California dream a reality.
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03:13 PM - Jun 29, 2025 (UTC)
