Planning for your first home is exciting and you’ve started in the right direction by solidifying your budget.  The next step is usually to get pre-qualified or pre-approved for a mortgage. You may have heard these terms before, but understanding the difference between the two can be confusing. Check out our infographic below to help you make the distinction between being pre-qualified for a mortgage and being pre-approved for a home loan; then you’ll have a better idea of which is best for you at this point in your homebuying process.