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If you're pre-approved for a loan does that mean that you get it?
Wiki User
∙ 14y ago
Being pre-approved means that if you apply for the loan, you will get it.
Wiki User
∙ 14y ago
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What is the different between having a home loan preapproved and prequalified?
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.
How does a preapproved auto loan work?
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.
What is required to get preapproved for a home 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.
If you and your spouse cosign a preapproved car loan from a bank and you are the primary can you alone go purchase the car at the dealer and put it in both names or must your spouse go with you too?
Your spouse needs to be present.
Do you know if I can get tractor at a local credit union?
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.
How can borrowers qualify for preapproved home loans?
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.
Can school loan debt be added after bankruptcy hearing?
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)
Is preapproved a noun?
No. It is an adjective. It means authorized prior to notification.
You have been accepted to two universities and accepted their respective packages and have loans pending at each with the intention of choosing one what happens with the loans for the other school?
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.
What does out mean in softball?
youre out from hitting
What does it mean to be a smart man?
It mean that youre very intelligiance
What is a sentence for the word preapprove?
Everyone was preapproved during the sale at the local dealership.
