Look out for this, especially if you’re a seller because there is no longer a hierarchy of pre-approvals and pre-qualifications. They now denote the same thing.
If you’re a buyer, understand how important it is to have this designation. You’ll stand out to sellers in a crowded market and increase your chances of getting the home that you desire.
If you have any questions about this, or how it might affect your real estate transaction, please don’t hesitate to contact me.
I look forward to hearing from you!