In this episode Lender Angel Luevanos explains the difference between a pre-qualification and pre-approval. He proceeds to elaborate on the 5 things lenders need to pre-approve a borrower for a loan. He refers to income, proof of funds, credit, employment verification, and identification documents.
Episode - 042: 5 things you need to get pre-approved for a home
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Episode - 043: How to purchase a home for business owners?
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