It only takes a few minutes, and afterward you can easily take the next step and let us know you'd like to get preapproved. If you're not sure which option is right for you, start by getting prequalified online. With our home loan calculator, you can play around with the numbers including the loan amount, down payment, and interest rate to see how different factors affect your. Buying a house is the largest investment of your lifetime, and preparation is key. Your preapproval also comes with a PriorityBuyer SM Preapproval Letter that you and your agent can give to sellers when you make an offer, so they know you're a serious buyer. Use our mortgage calculator to help you estimate your monthly payments and what you can afford.

That's because when you prequalify, we perform a 'soft' credit inquiry, which gives us information about your credit history and monthly debts, but this doesn't provide as much detail as a 'hard' credit inquiry, which is required for a preapproval. The key difference is that a preapproval is a more accurate and reliable estimate based on a more complete view of your credit.

Both base that estimate on factors like your debt-to-income ratio, how much you have for a down payment, and your credit history.

Once you’re finished with our mortgage calculator and you know the amount you want to borrow, make sure you compare all of the UAE mortgages available, to ensure you get the best deal.

Both provide an estimate of how much you could borrow to buy a home. Use our UAE mortgage calculator to find out exactly what your monthly payments will be, as well as the fees you will encounter when buying a property in Dubai.

Neither comes with any fees or obligations.

Prequalification and preapproval actually have more similarities than differences:

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