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Mortgage FAQ's

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What is the difference between a mortgage pre-qualification and pre-approval?

This is one of the most popular mortgage questions we hear. Mortgage pre-qualification shows you what you can afford and mortgage pre-approval is confirming with bank statements, pay stubs and credit reports what you have provided verbally for the sake of achieving a full loan approval. It's great to reach out to your trusted Fairway mortgage advisor to secure either when house-hunting.