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What’s the Difference between Prequalification and Preapproval?

What’s the Difference between Prequalification and Preapproval?

by Nicole Clancy | Aug 17, 2020 | Mortgages

The terms prequalified and preapproved are sometimes used interchangeably, but it’s important for homebuyers to distinguish one from the other. Understanding these two key steps in mortgage application makes it easier to navigate through the process. In a nutshell:...

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