
Understanding Mortgage Pre-Approval and Pre-Qualification
Navigating the mortgage process can be challenging at times, especially if this is your first time purchasing a home. During the process, you may have heard the terms pre-approved and pre-qualified and wondered what exactly they mean and how you can achieve this as well. While both are great, they are very different from one another. You may brush it off thinking getting one over the other is no big deal as long as you have one of these on under your belt; however, getting pre-approved rather than pre-qualified, or vice versa, can make all the difference in securing your dream home. This may sound stressful but there’s no need to worry. Here at Ace Mortgage Loan Corp., we are going to break it down for you so you know…








