Pre-qualification VS Pre-approval

SOOOOO important to know the difference and to get a pre-approval! He may look like Lex Luthor, but Zack really does a great job looking after his clients, and I think this quick explanation of what the difference between these two states of a buyer’s status with a lender is, is critical for getting an offer accepted for the most part… but more importantly you don’t end up in contract with a buyer and then have to bail on the purchase because they were not qualified to really get a loan.

 

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