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What is Pre-Approval?

The pre-approval process involves a potential lender or bank reviewing an individual's finances, including their income, assets, and credit history, to determine how much money can likely be borrowed.


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jerry
jerry
21 mars 2023

In order to evaluate how much money can likely be borrowed, a potential lender or bank will review a borrower's financial situation, including their income, assets, and credit history.


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Peter Bately
Peter Bately
14 mars 2023

You can look for a home more quickly if you have preapproval because it shows the seller that you are a serious buyer.

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