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1:16
bankofamerica.com
Mortgage Pre-Qualification vs. Pre-Approval - Understanding the Difference
Taking the first step toward buying your dream home? Learn what it means to get pre-approved vs. getting pre-qualified for a mortgage so you can determine the option that works best for you.
Jun 3, 2019
Related Products
Online Prequalification Form
Bank of America Mortgage Prequalification
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#Pre-qualification for Mortgage
This is one of the most misunderstood steps for first-time buyers. Here’s the difference 👇 Pre-qualification: • quick estimate • surface-level review Pre-approval: • deeper financial look • clearer budget • stronger position when you make an offer Pre-approval isn’t about rushing you 🚫 It’s about clarity and confidence 🤍 And it’s just one step in the full process. That’s exactly why Ready, Set, Keys! – A Clear Way Home Roadmap walks you through: ➡️ planning ➡️ pre-approval ➡️ choosing the rig
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