Prequalification vs. Preapproval: Which one do you actually need?

Key takeaways: If your agent asked for a preapproval, a prequalification isn’t the same document and won’t do the same job. The harder part is that lenders don’t apply those two words consistently, so what’s printed at the top of the letter tells you less than you’d think. The Consumer Financial Protection Bureau says it […] The post Prequalification vs.