In today’s real estate marketplace, sellers want to see a preapproval letter along with your offer. Gone are the days of a simple prequalification, it’s the preapproval that needs to be witnessed. Is there a difference between a prequalification and preapproval? Yes. It’s a matter of verification. A prequalification letter can be issued to just about anyone with a phone conversation. The loan officer will ask about your job, income and assets among other things and make assumptions about the…