approved

Mortgage Pre-Qualification vs. Pre-Approval vs. Approval

by Kyle Pearce - Mortgage Centre Specialist on July 14, 2012

in Home Mortgage Ontario, Mortgage

What is the difference between each? When you consider purchasing a home, there is a lot of terminology thrown around by realtors and lenders, especially if you are a first home buyer. As a mortgage agent in Windsor, Ontario, I find that most clients do not understand the difference between being pre-qualified, pre-approved, and approved [...]

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