Скачать или смотреть Mortgage Pre-Approval vs Pre-Qualification Explained | Just 1 Question

In this episode of Just 1 Question, loan officer Nick Ozac clarifies the distinction between a mortgage pre-qualification and a pre-approval. Understanding the difference can strengthen your offer and give sellers confidence in your ability to close.

What You’ll Learn:
What a pre-qualification entails versus a pre-approval
Why pre-qualifications rely on self-reported data without document verification
How pre-approvals involve reviewing pay stubs, bank statements, W-2s, and credit pulls
Why sellers and agents prefer seeing a true pre-approval letter
Tips on confirming that a buyer’s pre-approval is fully vetted

Whether you’re buying or selling, this episode ensures you know which “pre-” letter holds more weight in today’s market.