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What does it mean to get Pre-Qualified or Pre-Approved?

April 26, 2017mean pre-approved pre-qualified

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What does it mean to get Pre-Qualified or Pre-Approved?

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When you are purchasing a home, many realtors and sellers will require you to get a Pre-Qualification or Pre-Approval letter. This is a letter from a mortgage provider which states that you will qualify for a certain loan amount based on your income, credit, etc. LoanInsights offers an automatic free Pre-Approval Letter when you complete our Full Search.