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.
You can certainly be denied for a mortgage loan after being pre-approved for it. The main difference between pre-qualification and pre-approval has to do with the level of scrutiny -- not the level of certainty. When a lender pre-qualifies you for a loan, they just take a quick look at your financial situation.