Mortgage preapproval makes offer more attractive

Before you submit an offer on your dream home, get preapproved or prequalified for a mortgage loan. Either one can make your offer more attractive to the seller, but they mean different things.
To get prequalified for a mortgage loan, you provide a lender your approximate income, current debts and any important details from your credit history. The lender will then use these details to determine how much you may be eligible to borrow. You may receive a Conditional Qualification Letter from the l