The truth: Is a mortgage pre-approval practical?
Posted On: September 17, 2025 by Prevail Bank in: Home Loans
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...
Need Help with a Home Loan Down Payment?
Posted On: August 14, 2025 by Prevail Bank in: Home Loans
The Downpayment Plus Program (DPP) is a program offered by the Federal Home Loan Bank of Chicago (FHLBC) that assists income-eligible home buyers with their down payments and closing costs. The Prevail Bank Mortgage Lending Team is proud to offer...
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Categories: Home Loans