How Long Does It Take to Get Preapproved for a Mortgage? Here’s Your Ballpark Guide!
HomeLight
JUNE 7, 2022
Preapproval matters because it tells you how much a lender is willing to lend you which dictates a budget for your home search. While prequalification can give you a good idea of what you could actually be approved for, it’s not a guarantee or a commitment on the part of the lender to actually lend you any money. Preapproval.
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