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What is a Pre-Approval?
A pre-approval is confirmation from a lender saying they agree in principle to extend you a mortgage, up to a certain amount. Some real estate agents require you to get pre-approved before they’ll take you on as a client, and many sellers require buyers be pre-approved before bidding on a house.
Considering a career in real estate? Check out our upcoming pre-licensing courses here: tocrres.com/register
