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c/home-buying-tips•victorh81victorh81•1mo ago

Can we talk about pre-approval vs. pre-qualification and why agents push one over the other?

My lender told me last week that pre-qualification is basically worthless for making offers, but my realtor said it's fine for starting the search. I got pre-approved for $285k and now I'm wondering if I skipped a step - has anyone else had an agent downplay the difference?
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3 Comments
stellaperry
Started with pre-qualification and regretted it.
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fiona_west21
Three months in and they hit me with a 9.99% rate hike lol.
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kimmurphy
kimmurphy1mo ago
Pre-approval is the only thing that matters, sorry your realtor is wrong.
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