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What’s the difference between Pre-Approvals and Approvals?

Pre approvals vs approvals

The difference between pre approvals and approvals

The difference could cost you a lot more than you think.

There are actually three different types of mortgage tools to determine you budget: pre-qualifications, pre-approvals and finally approvals. All three are similar, but also very different in how they should be used.

The more documents you can provide to a mortgage broker the better. It’s like being able to focus in on a target, the more details we can gather, the closer we can get.

 

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