Scenario: The Washingtons have come to you because they are thinking about buying a home. However, they have a lot of questions that they rely on you to answer. Respond to the following questions from the Washingtons:

What is the difference between getting a prequalified or preapproval letter?

$-$What would be the best source for a real estate loan?

What documents should they start accumulating for the loan process or the costs of a real estate loan?

How would you advise the client in this situation?