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2. Prequalified vs. preapproved: What’s the difference? - AOL

   www.aol.com/finance/prequalified-vs-preapproved...

   The main difference between prequalified and preapproved: Preapprovals hold more weight when trying to buy a home. Prequalifying involves providing some basic financial info to get a general idea ...

3. What’s the Difference Between Being Prequalified and ... - AOL

   www.aol.com/difference-between-being-pre...

   Buying a home is intimidating, to say the least. Being able to afford one is hard enough, and if you get past that hurdle, it's on to dealing with a hot housing market, getting an offer accepted ...

4. Mortgage prequalification vs. preapproval: How to time these ...

   www.aol.com/finance/mortgage-prequalification-vs...

   Prequalification is like a quick peek into your wallet. It gives you a rough idea of what you could borrow with a mortgage, based on basic information only. Preapproval, on the other hand, is a ...

5. Pre-approval - Wikipedia

   en.wikipedia.org/wiki/Pre-approval

   Pre-approval. In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1] For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that ...

6. Pre-qualification - Wikipedia

   en.wikipedia.org/wiki/Pre-qualification

   Pre-qualification. In general, to pre-qualify is about passing or meeting an initial criteria or requirements before getting other opportunities opened up to such a person. Pre-qualification is a process whereby a loan officer takes information from a borrower and makes a tentative assessment of how much the lending institution is willing to ...

7. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...