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Updated over 3 years ago on . Most recent reply

Pre-qualification & Pre-approval ? Questions
- Are there any differences between the two?
- Does it matter who you get a pre-qualification/ approval from? I last got mine from some third-party company on Zillow, and I don't know if there are any other better alternatives or if it is the same result with any lender?
- I last got pre-qualified Feb 2020, but have made more income since then. How often should I be checking what I'm pre-qualified/ approved for?
Most Popular Reply

- Real Estate Professional
- West Palm Beach, FL
- 13,509
- Votes |
- 23,418
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A Pre Qual is limited, you need a Pre Approval. Unless you have to submit 2 years of tax returns, recent pay stubs and bank statements to prove cash on hand...it is useless. The preapproval from some lenders is useless, we rejected all preapprovals from Quicken.