The Marquee Loop: PreQualified VS. PreApproved

Prequalified vs. Pre-Approved: What’s the difference?

Most home buyers know that a Pre-Qualification or PreApproval is a crucial part of the home buying process. Getting pre-qualified is typically a faster and less detailed process, while pre-approvals are more comprehensive and take a little bit longer.

As a buyer, you need to discuss with your realtor which of these two options work best.

In summary, we can provide either a PreQual or PreApproved letter to our realtors. If you have any more questions, please contact our Loan Officers below with more information.

Rick Giordano NMLS #160921

Cell: 602-228-4017


Keith Nelson NMLS #145678

Cell: 602-684-9331


*Marquee Mortgage LLC, is an independent, full service broker specializing in purchase money loans, refinances and creative lending solutions.