mortgage prequalification, preapproval and final loan

Hi Heavenhack,

Getting pre qualified means that depending on the basic information you provide you may be offered a mortgage while for pre approval you have to submit a loan application to lender.

Please go through this page to know more about the difference between the two: Pre-Qualification and Pre-Approval

Miller

"What are the differences between;
mortgage prequalification,
preapproval
and final loan approval?'

After you get a pre approval converting it into final approval will depend on you getting the appraisal report, purchase contract and title information.

If all documents are ready then your loan will be approved and closing fixed.

Christopher