There are a lot of terms used in the mortgage and real estate industry that may be unfamiliar to you, especially if you are a first time homebuyer. The phrase Rate/Term Refi may not sound like much to you, but to a mortgage lender this simply means someone wants to refinance his or her existing mortgage in order to get either a better rate or a better term. Likewise, pre-approval vs pre-qualification may sound the same but there are a few important differences between the two. In this article we explain the difference between Mortgage Pre-Approval Vs Pre-Qualification.
Posted on September 26, 2018 by shawn_manwaring
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