Being pre-approved means that if you apply for the loan, you will get it.
A preapproval on a home loan is a simple letter stating that you make enough income to purchase a certain price amount on a house. Prequalified means that you have actually qualified for the loan to buy.
A pre-approved auto loan works by showing the dealership a pre-approval letter. They will check over everything and then they will send you all the paperwork involved. Afterwards, you show all the paperwork to your bank and acquire your loan.
All you do is contact a local or national mortgage broker, and fillout the lending package. They can give you a pre-approved letter of credit for a certain time period.
Your spouse needs to be present.
Whether or not you can get a loan at a good interest rate is going to depend on your credit and the value of what you are financing. The best thing to do is call your local credit union and get preapproved.
After selecting a lender and loan program, provide two years of w-2s, bank statements and other financial information. Further information can be found at www.ehow.com.
yes, but unless you can show that youre basically permanently disabled, it will be next to impossible to have the school loan discharged. (assumes a federally insured loan)
No. It is an adjective. It means authorized prior to notification.
Nothing happens to those loans if you don't sign for them. It's like getting preapproved for a loan at a bank. You are not responsible to repay onless you sign for the loan and receive it.
youre out from hitting
It mean that youre very intelligiance
Everyone was preapproved during the sale at the local dealership.