Mortgage preapproval vs. prequalification — The distinction?

{“menuItems”:[{“label”:”Prequalification tells you what you can afford”,”anchorName”:”https://www.finder.com/mortgages/#prequalification-tells-you-what-you-can-afford”},{“label”:”Preapproval tells you how much you may qualify to borrow”,”anchorName”:”https://www.finder.com/mortgages/#guide”},{“label”:”Compare preapproval and prequalification”,”anchorName”:”https://www.finder.com/mortgages/#compare-preapproval-and-prequalification”},{“label”:”Preapprovals and prequalifications have some similarities”,”anchorName”:”https://www.finder.com/mortgages/#preapprovals-and-prequalifications-have-some-similarities”},{“label”:”Compare mortgage lenders”,”anchorName”:”https://www.finder.com/mortgages/#compare-mortgage-lenders”},{“label”:”Bottom line”,”anchorName”:”https://www.finder.com/mortgages/#bottom-line”}]} Prequalification includes an … Read More