Pre-Qualified, Pre-Approved... What's the difference?

What does it mean to be Pre-Qualified or Pre-Approved?

Getting pre-qualified for a loan gives you an idea of how much you might qualify to borrow based on your stated income, assets and liabilities. Since you have not actually applied for a loan and none of your information has been verified, the loan amount is in no way guaranteed.

Getting pre-qualified lets you know how much you qualify to borrow after your income, assets, and liabilities have been verified.

Call New American Funding to get Pre-Qualified or Pre-Approved!

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