Pre-Approved vs Pre-Qualification
, Page views: 697 Edit this page
- Safari Users
- Sorry, at this time, if you are using a Safari web browser you will be unable to create or edit pages in the Real Estate Guide. We're currently working on a solution. In the meantime, if you have a Firefox browser, you can use that to create or edit pages.
Why it's good to get pre-approved:
- You find out how much you are approved for.
- You will know how much you need for a down payment.
- You will know what your monthly payment will be.
Differences between pre-qualification and pre-approval:
Pre-qual does not require an application; pre-approval does.
Pre-qual does not require income verifications; Pre-approval does. This would include W-2 and pay stubs.
Pre-qual does not require asset verification; Pre-approval does.
Pre-qual does not require underwriting approval; Pre-approval does
Also, you will get your credit checked whether you are getting a Pre-approval or a pre-qualification.
Uploading Image- Edit this page
- |
Flag content
Close
- Flag Content as Offensive
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow.com, please let us know by completing the information below.
( *=Required)
Close- Content Flagged
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Close- We're Sorry
- This service is temporarily unavailable. Please come back later and try again.
