• What is the difference between pre-qualified and pre-approved?  Getting pre-qualified means that the lender takes your word on information you have given pertaining to your desire to get a loan.  It gives you an estimate of how much you might be able to borrow.  Getting pre-approved means that the lender has actually checked to verify the information given pertaining to your desire to get a loan, your credit may be checked.  Getting a pre-approval letter means that you are likely to get a loan for the amount mentioned in the letter, and it carries more weight than getting pre-qualified.  You have not applied for a loan at either of these stages, nor are you guaranteed a loan.
  • When staging your home to sell, be sure to remove clutter and arrange furniture to allow for easy flow.