Podknife - Mortgage Minute: What is the difference between Prequalification versus Preauthorization? by Financial Residency

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Mortgage Minute: What is the difference between Prequalification versus Preauthorization?

Podcast |: Financial Residency
Publisher |: Financial Residency Network
Media Type |: audio
Podknife tags |: Business,; Careers,; Interview,; Management & Marketing,; Personal Finance,; Science & Medicine
Categories Via RSS |: Business,; Careers,; Investing
Publication Date |: May 09, 2023
Episode Duration |: 00:03:54

Before you buy a home, your realtor will likely ask you for a letter from your lender to verify that you are qualified to buy the home. Your lender has two options to provide you - a prequalification or a preauthorization letter.

Doug discusses the difference between the two and why you might want one over the other based on your circumstances.

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