Mortgage pre approval vs pre qualified

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Apply for your mortgage loan regarding your income, employment, savings. Since some markets are especially and preapproved: Preapprovals hold more weight when trying to buy.

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When Should You Get Pre-Qualified?
The biggest difference between the two is that getting pre-qualified is typically a faster and less detailed process, while pre-approvals are more comprehensive. Prequalification is simply designed to allow applicants to determine whether they would qualify for a mortgage and for how much. A homebuyer who's pre-qualified for a loan is in the ballpark for getting a mortgage; a buyer who's pre-approved is a certainty.