System Maintenance

Mobile Banking and Online Banking will be unavailable between 12:30 a.m. and 6 a.m. ET, on Sunday, May 4, 2025 due to scheduled system maintenance. Thank you for your understanding.

Pursue what's possible.

Skip to Content
Open an Account 800.205.0914 Locations Contact

Login

Archive - March 2020

Is a Mortgage Pre-Approval Right for Me?

Is a Mortgage Pre-Approval Right for Me?

Posted On: March 30, 2020 by Prevail Bank in: Home Loans

What is a Mortgage Pre-Approval?

A mortgage pre-approval qualifies you with the amount of available money you can borrow, including your monthly payment, and your interest rate.

This amount is typically subject to a property appraisal and other requirements. Mortgage pre-approvals are determined by a Mortgage Loan Originator who reviews your finances. This includes your debt, income amount, assets and credit history. Following the pre-approval evaluation, a letter is then provided...

Read More

Tags: mortgage, mortgage pre-approval, Mortgage Tips

Help

Please Select an Online Account

Mortgage Application Elan Credit Card Login