A pre-qualification letter usually doesn't carry the same weight to home sellers as a verified pre-approval letter. Still, sometimes buyers prefer to start with getting pre-qualified, as this can be ...

When you begin shopping for a home, having a mortgage pre-approval letter can demonstrate that you’re a serious buyer. It shows sellers that a lender has determined that you are likely to be ...

"Then, number two, the pre-approval letter is normally submitted in your offer package. So, when you submit an offer to a seller, it's kind of like a vow of confidence to the seller that you did ...