Question: Module 4 : Mortgage Overview What is the difference between being prequalified for a loan and being preapproved? Why should a buyer be preapproved for

Module

4

: Mortgage Overview

What is the difference between being prequalified for a loan and being preapproved? Why should a buyer be preapproved for a loan before shopping for a home? Describe prequalification Describe preapproval Identify the differences between the two and which one is more advantageous and why Discuss why it is important to be preapproved before attending a showing

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