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A mortgage pre-qualification can be useful as an estimate of how much you can afford to spend on your home, but a pre-approval is much more valuable because it means the lender has checked your.
Declined: your application did not get approved; Many lenders state that it’s actually quite rare to be approved with no conditions on your first attempt at getting a mortgage pre-approval. So don’t be disheartened if this happens to you – you’re in good company! Even a suspended application isn’t the end of the road.