![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/441498/small_1621476798-avatar-bernarde.jpg?twic=v1/output=image&v=2)
Hello,
I've been researching this in depth and I've come across many different banks and credit unions who want the person needing the loan to provide the following :
20% down payment (which is understood due to m...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1292460/small_1695846778-avatar-havans.jpg?twic=v1/output=image&v=2)
what is the difference between pre approval and pre qualification in lending?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1122821/small_1621509233-avatar-juana78.jpg?twic=v1/output=image&v=2)
Please explain the pre qualification process on a loan. I currently filled out a questionnaire from a broker but now he is asking to completea , “document checklist with a list of documents needed for your loan qualif...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/315875/small_1621443690-avatar-aventador510.jpg?twic=v1/output=image&v=2)
Hello,Does anyone know if you have to pay a fee for getting pre-qualify for a mortgage? I plan on going to see a mortgage broker to see where I stand.Edwin
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2291105/small_1639539446-avatar-alexb714.jpg?twic=v1/output=image&v=2)
- 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 alte...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/260229/small_1621436988-avatar-lees2.jpg?twic=v1/output=image&v=2)
I'm starting a direct mail campaign in the next week or so and I want to have as many options as possible to close deals. First goal will be creative financing (sub to, owner financing, lease option etc) but I also ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1877086/small_1621516339-avatar-seanw249.jpg?twic=v1/output=image&v=2)
I need some advice on how to start. My goal at this point is to get in the door with a pre qualified renovation loan in a market where I believe 200k is reasonable. I’ve never gone through this process but the market...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1277090/small_1694930464-avatar-audreyo2.jpg?twic=v1/output=image&v=2)
Would like to know the quickest way possible to obtain a pre-qualification letter to view a property, which is 6 units. Is there a good place online I can go to get to this done that others have had success with?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/813410/small_1621498362-avatar-troyd22.jpg?twic=v1/output=image&v=2)
Just wanted to get some feedback on some questions regarding screening. I appreciate any thoughts you may have. When a prospective new tenant calls about a property I'm assuming you do a screening interview over the ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1408758/small_1621512011-avatar-maria_kristina.jpg?twic=v1/output=image&v=2)
How important is it to be pre-qualified on a loan and/or preapproved for residential property deal (specifically single-family home)?