Pre-qualification vs. Pre-approval! Know the difference between the two commonly mistaken terms! Let me know what other topics you would want to hear! Connect with me and send me a message anytime! #realestate #realtor #realtorsoffb #realtorsoffacebook #ab #alberta #yeg #yeglocal #yegbusiness #yegrealestate #yegliving #firsthomebuyer #canada | Realtor Kurt Nikolas | Facebook
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Understanding the difference between mortgage pre-approval and pre-qualification
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What's the difference between mortgage pre-qualification and pre-approval? Here's what you need to know. Start the pre-approval process anywhere with online pre-approvals, new at ATB: https://go.atb.com/2xbfwj | ATB Financial
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✨ Pre-Qualified vs. Pre-Approved: Why It Matters ✨ Think of pre-qualification as a first date — it’s casual. You tell the lender about your income, debts, and credit score, but nothing is verified. It’s just an estimate of what you might be able to afford. Pre-approval is like making it official 💍 You’ve given your lender documents, they’ve checked your credit, and they’ve confirmed how much you’re approved to borrow. 💡 Why it matters: Sellers take pre-approval way more seriously because it sh
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