The Difference between Pre-Approval versus Pre-Qualification.

Wondering what the difference is between Pre-Approval and Pre-Qualified? In this video we describe to you what the lender needs to do a Pre-Approval for you when you are buying a home. Pre-approval is more indepth than Pre-Qualify and they will run a credit check on you for a Pre-Approval. They will need the following: 1. Social security of all buyers 2. All bank statements from the past 2 months 3. Last 2 years Tax Reports 4. W-2's of all buyers (if applicable) Let me know if you need anything else. Related Videos: 1. Where are home prices headed: https://www.youtube.com/watch?v=HO9I2cEoW-o 2. Before You Make an Offer, Here Are Four Tips For Success https://www.youtube.com/watch?v=F5xoOnTgnoc 3. 5 Tips for Building a New Home https://www.youtube.com/watch?v=DyLhX0r8S3w 4. Why You Need a Pro When Buying a Home https://www.youtube.com/watch?v=v7BJ0H02TWs