Category Archives: Avant Loan Review

Pre-qualified vs. Pre-approved: Which Will Be Better?

Pre-qualified vs. Pre-approved: Which Will Be Better?

Whenever you’re willing to go after dark online perusal phase of house hunting onto really seeing houses and (gasp! ) perhaps putting in a bid, it is undoubtedly time and energy to keep in touch with a loan provider. Loan providers could possibly get you pre-approved or pre-qualified for a home loan. But what’s the difference involving the two? And exactly how did you know what type to choose? Danielle Pennington, that loan officer at BestWay Mortgages, provides a great break down of each choice, in addition to advice on what type to pursue. (Spoiler alert: One is preferable to the other! )

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