Episode 7: Mortgage Pre-Qualification VS. Pre-Approval: What's The Difference?

Theresa Wellman - Realtor, Homeowner Experience

What is the difference between pre-qualified and pre-approved? What do the loan terms “underwritten” or desktop underwriting mean? Is a certain type of pre-approval letter better? How does a buyer REALLY know what their loan pre-approval means?
✅ M A R K E T R E S O U R C E S ✅
📍 Watch San Jose Real Estate Market Video Update: http://bit.ly/SanJoseMarket
📍 Look up San Jose Market Trends - http://bit.ly/SJTrends
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✅ B U Y E R R E S O U R C E S ✅
📍 Common BUYER Questions Answered - https://bit.ly/2lJQHJq
📍 DOWNLOAD Home Buyer’s Guide - http://bit.ly/SJHomeBuyGuide
📍 DOWNLOAD San Jose Relocation Guide - http://bit.ly/SJReloGuide
📍 DOWNLOAD 7 NO COST TIPS to increase your offer's VALUE: http://bit.ly/Tips4Offer
📍 Loan Pre-Qualification versus Loan Pre-Approval – http://bit.ly/PrepareLoan
📍 12 Steps to Buying a Home – http://bit.ly/StepstoBuy
I’ve been a full-time Realtor® in San Jose, CA since 2005. I'm a proud Apple-wife, self-professed data nerd, gardener + foodie. I love wine and craft cocktails and frequently cook gourmet meals for family and guests with veggies from my home garden. I also love to be active outdoors whenever I can. My husband and I have two great school-age kids and an RV we escape in for camping and weekends at the racetrack.
I serve San Jose CA including Almaden Valley, Cambrian, Willow Glen, Blossom Valley and Campbell CA
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