Pre-Qualification vs. Pre-Approval

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In this video, Parker explains the difference between pre-qualification and pre-approval. Pre-qualification is a quick estimate based on the information you share, while pre-approval goes further as your lender verifies income, assets, and credit to give you a stronger position when making an offer. Parker shows why that distinction matters and how pre-approval can make you stand out with sellers.

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What Documents Do I Need?