The Clouse Corner: Pre-approval vs Prequalification

This week Brennen breaks down why being pre-approved is an important and necessary step in the home buying process. Hello again lovely listeners! We are back again with our favorite hobby: busting misconceptions about the home buying process wise open. Now at a first glance being pre-approved for a loan and being prequalified for a loan would seem to be two ways of saying the same thing, but they are not. You might have talked to someone and know roughly what you are prequalified for, in terms of a loan, but that number is not the same as what you can necessarily expect to get pre-approved for. That’s why this week on the Clouse Corner we are getting into all the differences between the two, and also why you should be working off the number that you are pre-approved for and not the one you’re prequalified for! Get ready to hear the term “pre” a lot in this weeks preview into the preconceptions surrounding these predetermining prefigurements on the Clouse Corner! As always you can reach us on our various social media platforms: Instagram Facebook Twitter Also online at: TheClouseGroup.com Thanks for listening! Our Opening theme: “Inspired” By Kevin Mcleod (incomptech.com) Other music (in order used): “Low Life High Life” By Dan Henig “Ruination 2” By Vibe Mountain “We Don’t Know How it Ends” By Lee Rosevere (leerosevere.bandcamp.com) Music obtained and Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/