The truth: Is a mortgage pre-approval practical?
Posted On: September 17, 2025 by Prevail Bank in: Home Loans
The truth: Is a mortgage pre-approval practical?
What is a Mortgage Pre-Approval?
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A mortgage pre-approval is a conditional agreement from a lender to lend you a specific amount of money to purchase a home. This is all under the assumption that your financial documentation supports what was entered on your application when verified, your financial situation remains stable until closing, and the property you choose meets specific requirements (IE: Property appraisal).
Mortgage pre-approvals...
