It is Always Better is a borrower/buyer is PreApproved rather than PreQualified for a home loan.

The difference is a PreApproval means the loan consultant has verified funds, looked at W2’s, Bank Statements, Tax Returns.

A PreQualification means the Loan Consultant has been told things by the borrower but they have Not Been Verified Yet so basically the PreQualification is useless in my opinion.

I from personal experience believe that a Mortgage Broker is Better and gives you More Options than say a Bank does and One I know of Does Not Charge $695 Processing Fee or $995 Underwriting Fee as many others do.

If You are in Need of A Home Loan or Simply want to Refinance I Recommend you Go Here to Speak with a Loan Consultant.

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