The difference between a prequalification letter and preapproval letter matters a lot. Learn the difference between a preapproval and prequalification letter, and why a preapproval letter might be the best option for you. Not all mortgage lenders offer a preapproval letter though; if this is something you are looking for, make sure you are working with a company that provides this. Call New American Funding today to see what your preapproval is.

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