Pre-Approval vs Pre-Qualification

Are you thinking about buying a home? One of the biggest mistakes buyers make is starting the process with only a pre-qualification instead of a true loan approval — and that mistake can cost you thousands of dollars. In this video, I explain: • The difference between a pre-qualification and a real approval • Why a DU/fully underwritten approval protects your deposit • How buyers lose money on inspections and appraisals when they aren’t truly qualified • Why verifying income, assets, and employment upfront matters • How proper representation and lender coordination can save you money and stress A pre-qualification is just a conversation. A true approval is when everything is verified and confirmed — and that’s what sellers actually trust when reviewing offers. And don’t forget — you might’ve heard buyers are now responsible for their agent’s commission, but don’t worry. In many cases, we can still negotiate for the seller to cover some or all of that cost, depending on the deal. Having experienced representation on your side is invaluable, and we’re here to guide you every step of the way. 👉 Call or text Edgar Cuevas with Xprt Real Estate to schedule your FREE consultation. 📞 (562) 321-0123 Reach out anytime — we’re here to help.