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I've been prequalified for a home loan, will I be preapproved?

Asked by goose756 (655points) September 26th, 2012

I know next to nothing about this process so any help is appreciated. I’ve been prequalified for a home loan – I know this isn’t the same as preapproved, but are my chances of getting preapproved pretty likely because of it? I provided 100% accurate information, so is it just a verification of that info?

Thanks everyone.

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