Pre-Qualified vs. Pre-Approved

Getting pre-qualified and pre-approved are the first steps of the home buying process. Although the difference are subtle, the significance between the two are major.
Getting pre-qualified and pre-approved are the first steps of the home buying process. Although the difference are subtle, the significance between the two are major.
A mortgage is a loan secured by real estate as a collateral. Although the explanation seems simple, there’s a lot more to a mortgage than most first-time homebuyers are aware of.