Buyer/Seller Info
Real Estate Glossary of Terms
Pre-Approval
When you work with your lender to get pre-approved, you are getting an indication of how much money you will be eligible to borrow when you apply for a mortgage. This process occurs before you complete an application for a loan.
Pre-approval includes a screening of a borrower's credit history, and all information you give to your lender will be verified when you apply for your mortgage.
[ Back To Real Estate Glossar
y ]