# @zillow on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=PFUvuhGOoTQ
- **Gondola URL:** https://gondola.cc/posts/32591151-zillow-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/d21270a343.jpg
- **Posted:** 2025-05-13T16:50:52.000+00:00
- **Account Owner:** Zillow (@zillow) — https://gondola.cc/zillow

## Caption

Pre-qualification and pre-approval are two terms you may hear used interchangeably when shopping for a mortgage, but they are actually two optional steps you can take to start the loan approval process. A mortgage pre-qualification is usually a much shorter process that requires you to honestly report your own financial information, while a mortgage pre-approval typically requires you to submit more documentation like W-2s to verify your income and assets — making it a lengthier process. In this video, we'll go over the details of both processes, as well as frequently asked questions. 

*Read the full article:* 
https://www.zillow.com/learn/pre-qualification-vs-pre-approval/

 *Additional Resources:* 

🏡
*Get pre-qualified with Zillow Home Loans* *An equal housing lender. NMLS # 10287 - https://www.zillow.com/homeloans/?utm_campaign=5405&utm_medium=bt&utm_source=youtube&utm_content=descbox_1
*See your BuyAbility*  - https://www.zillow.com/homeloans/buyability/?utm_campaign=5405&utm_medium=bt&utm_source=youtube&utm_content=descbox_2
*Connect with a local agent*  - https://www.zillow.com/buy/?utm_campaign=5405&utm_medium=bt&utm_source=youtube&utm_content=descbox_3

📖
*Zillow Learning Center* - https://www.zillow.com/learn/?utm_campaign=5405&utm_medium=bt&utm_source=youtube&utm_content=descbox_4
*Calculate your DTI*  - https://www.zillow.com/mortgage-calculator/debt-to-income-calculator/ 
*Affordability Calculator* - https://www.zillow.com/mortgage-calculator/house-affordability/

Chapters:
00:00 - Intro
00:48 - What does pre-qualified mean?
01:35 - What does pre-approved mean?
03:38 - Why wait to get pre-approved?
03:59 - Will you need a hard credit pull to renew pre-approval?
04:35 - Which is better: pre-approval or pre-qualification?
04:54 - Do I need to be pre-qualified to look at houses?
05:05 - Do I need a pre-approval letter to make an offer?
05:18 - Do I have to use all the money I'm pre-approved to borrow?
05:48 - Outro

#preapproval #prequalification #homebuyingtips #homepurchase #mortgage

## Stats

- **Views:** 657
- **Likes:** 5
- **Shares:** 0
- **Comments:** 0

## Tags

mortgage, homebuyingtips, homepurchase, prequalification, preapproval

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