Pre-approval requires a more extensive look into your personal finances than pre-qualification, typically including a hard credit check and requesting proof of income.

Mortgage lenders use this ratio to determine how much you can afford to spend ... but you can't get fully approved until you have a signed purchase agreement. This means that you've made an ...

A pre-qualification letter includes a preliminary estimate of how much of a loan you may ... you may not get a loan. Mortgage pre-approval requires a buyer to fill out a mortgage application ...