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Criteria for approval of mortgage loan

  • From: vertuitymortgage201@gmail.com
  • Posted: 05/30/2016 05:01PM
  • City: Winnipeg
  • State: MANITOBA
  • Phone Number: 2048884663
  • Keywords: mortgages, mortgage broker, mortgage company
  • Description:
  • A mortgage pre-qualification can be useful as an estimate of how much you can afford to spend on your home, but a pre-approval is much more valuable because this means the lender has actually checked your credit and verified your documentation to approve a specific loan amount (usually for a particular time period such as 90 days). Final loan approval occurs when you have an appraisal done and the loan is applied to a particular property.




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