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What is a Mortgage Pre-Approval?

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24th Feb 2011 by admint

A mortgage pre-approval happens when a borrower is guaranteed by a lender with a certain amount he can loan. The borrower gets a pre-approval letter which he can show when shopping for a property as a proof that he is more likely financially capable to buy the property.

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17th May 2010 In Mortgage 1 Answers | 73 Views
Subjects: mortgage,

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