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Joshua Rakiey

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Pre-Qualified or Pre-Approved: What’s the Difference?

Posted by Joshua Rakiey on Feb 12, 2019 8:05:00 AM

In the past, realtors and people selling homes were looking out for buyers who were pre-approved. Pre-approved was a broad term that could mean anything from a potential buyer who applied for a loan to a buyer whose underwriting was done and they had been approved for a specific amount of money. Pre-Qualified and Pre-Approved were essentially interchangeable.

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