Buffini & Company Resources

Know the Difference Between Prequalification and Preapproval

Difference Between Prequalification and Preapproval
552KB XDownload

Fill out form to download

Thank you!

If your download doesn’t start, you can download it here

On a mobile device? View here

The terms “prequalification” and “preapproval” are often thought to be the same thing but in fact, they are very different. Prequalifying is a relatively easy process while preapproval involves a much more assessment of potential buyer’s data by a lender.

Download this resource to learn the important differences between the two terms and how you can help your clients be prepared for each scenario.

Related Products and Resources: New Agent Guide: Learning the Language of Real Estate, 21 Unexpected Extra Costs to Prepare Your Clients for When Buying a Home, Ask These Six Questions to Qualify Your Buyers

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

November 8, 2023

What’s Your Lead Generation Style?


Going into 2024, lead generation will be more important than ever for real estate agents who […]

September 22, 2023

10 Podcasts to Inspire Your Entrepreneurial Journey


Listening to podcasts is a great way to hear directly from industry leaders as well as […]

September 14, 2023

Keep Your Clients’ Homes Safe and Sound


If your clients need to leave their home vacant for an extended period they may ask […]

August 21, 2023

How Leveraging Your Real Estate Serving Style Creates Positive Outcomes


What’s your serving style — “create” or “finalize”? Knowing how to identify your style, as well […]

August 4, 2023

Get Ready for a Sizzling 2024 Selling Season!


Real estate and mortgage experts agree — the second half of 2024 is projected to be […]

June 26, 2023

Review Your Mid-Year Progress


How has your business done so far this year? Are you meeting your target goals? Are […]