Energy Engineer I. Expertise in energy use analysis and energy auditing; 2 years related experience in consulting engineering, energy services, and/or utility energy efficiency... 10 days ago-save job-email-more...
What is a pre-qualification? A pre-qualification is an estimate of how much you can afford in a mortgage payment. It is based upon the information you provide, and is subject to the approval process, including further details such as a credit report, appraisal, and income verification.
Here's the difference: 1  Pre-qualification -- Through this process, you would provide the lender with very basic information about your financial situation. 2  Pre-approval -- This is a more in-depth (and more useful) version of pre-qualification. 3  Approval -- This is the final approval by the lender.eing pre-approved for a home loan doesn't guarantee you'll get the loan. In order to get a final approval from the lender, you'll have to go through the full underwriting process. And that doesn't happen until you've made an offer to buy a home.