A mortgage approval is a loan application that has been reviewed and approved by an underwriter. Most of the pre-approvals that you see today are in fact a "loan originator opinion letter.

When you get pre-approved, your lender gives you a letter stating how much it could conditionally loan you. Pre-approval can strengthen your offer with sellers by demonstrating that you’re a ...

I have never seen an absolute, ironclad approval letter; that’s why it’s typically referred to as a “pre-approval” letter. Your son may have a decent case against that buyer, because there ...

Learn what you need to speed up the approval process Dhara Singh is a personal finance writer with more than 300 articles published online on topics related to personal loans, mortgages, and ...

And having a pre-approval letter could be your ticket to success in such a situation. When you come in with mortgage pre-approval, it sends a message to a seller that you're a serious buyer whose ...

Additionally, a mortgage pre-approval letter puts you a few steps ahead of buyers who haven’t got one, an edge that could benefit you in a competitive market. Though new listings are up 10.2% ...

Verification of your income, assets, and debts After reviewing this information, the lender will provide a pre-approval letter stating the specific loan amount they're willing to offer ...

Getting a pre-qualification or pre-approval letter doesn’t guarantee you’ll receive a loan Loan terms like ‘pre-qualification’ and ‘pre-approval’ aren’t necessarily sure shot signals ...