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pre-approval |
The lender's approval in principal of a loan application submitted before making any offer to purchase. Pre-approval determines the maximum loan amount and sales price a prospective homebuyer will be able to afford, based on statements of income, savings and a review of the applicant's credit report. Would you like to add another definition for "pre-approval" to the Real Estate Dictionary? Terms that closely resemble "pre_approval":pre-approval - The lender's approval in principal of a loan application submitted before...0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
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