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Home Loan Preapproval vs. Prequalification Homebuyers frequently get confused in regards to the distinction between prequalification and preapproval. Both is a good idea actions in your home buying procedure, but there are a few key distinctions. About Prequalifications Prequalification is definitely a review that is informal of funds and credit that determines if you would possibly be eligible for a mortgage A prequalification can also provide a rough estimate of …

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