Lenders use pre-qualification and pre-approval differently. Ask what information was verified, whether underwriting reviewed it, which conditions remain and when the letter expires. Neither label guarantees a funded mortgage.
Pre-approval
Pre-qualification vs pre-approval: What's the difference?
One is an estimate. One is a real commitment. Here's what matters.
By Lighthouse Companies, LLC · Updated · 1 min readLighthouse provides educational information, not a personal loan quote, lending decision, or legal or financial advice. Verify the figures against your documents and ask your lender, servicer, or a qualified professional about your circumstances.