Mortgage 101 PreQualified vs PreApproved

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Are you confused about mortgage terms? It’s understandable—it can be like learning a second language. One of the most important things to know is the difference between being pre-qualified and pre-approved. • 𝗣𝗿𝗲-𝗾𝘂𝗮𝗹𝗶𝗳𝗶𝗲𝗱: It’s the initial step where you provide basic financial info to a lender, who estimates the loan amount you might qualify for. While helpful for gaining an idea, it’s not a guarantee, and there’s no detailed verification. • 𝗣𝗿𝗲-𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹: This is the real deal! Lenders examine your credit history, income, and financials thoroughly. Getting pre-approved means you have a solid loan offer, empowering you to shop confidently within your budget. • Remember, being pre-approved strengthens your position with sellers, making your offer more appealing. Call or message me today at 480-663-9277 to get started. • Follow me on social! • ➡️ Tiktok: http://bit.ly/3J5zrqw • ➡️ Instagram: http://bit.ly/3GStNVX • ➡️ Facebook: http://bit.ly/3ZRNOnZ • ➡️ LinkedIn: http://bit.ly/3ZSQ52e • ➡️ Website: http://bit.ly/3QXGYcU • #mrloans #mortgage #mortgagetips

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