What Does Pre-Qualified Mean?

Toni Taylor Gozza

Published on: 17/03/2026

Pre-qualified and pre-approved sound like the same thing. They are not — and in South Florida's competitive market confusing them could cost you your dream home. I'm breaking down exactly what each one means, which one you actually need, and how to get your pre-approval letter in hand in as little as 24 to 48 hours.