Don’t confuse pre-qualification with pre-approval. If a lender pre-qualifies you for a loan, the lender is saying that based on the information you provided, you will probably be approved for a loan. Pre-approval indicates that the lender has examined your financial records and has determined that it will approve a loan up to a specific amount of money. Pre-approval is like having cash in hand. To provide final approval, all the lender needs to do is determine whether the value of the collateral (the appraised value of the property) is sufficient to cover the amount of the loan.  Paulette Zuena at REMAX Partners can help you arrange your mortgage preapproval. Then with your mortgage preapproval in hand you and Paulette Zuena will be ready to find your new home in Andover or North Andover, Massachusetts.