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No, you are not "guaranteed" financing. Pre-approval simply means that you qualify for X amount of financing, you still have to go through the qualification process once you make an offer on a property.

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16y ago

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Related Questions

Have you been pre-approved for a home loan?

Yes, I have been pre-approved for a home loan.


Are you guaranteed to receive the loan if you are pre-approved for it?

Being pre-approved for a loan does not guarantee that you will receive it. Pre-approval is a preliminary step based on your financial information, but final approval depends on additional factors and verification by the lender.


Can I purchase a home with a pre-approved home loan?

Yes, you can purchase a home with a pre-approved home loan. A pre-approved home loan means that a lender has already assessed your financial situation and determined the amount they are willing to lend you for a home purchase. This pre-approval can make the home buying process smoother and show sellers that you are a serious buyer.


Is the loan pre-approved for me?

Yes, the loan is pre-approved for you.


What is my pre-approved home loan amount?

Your pre-approved home loan amount is the maximum amount of money that a lender is willing to lend you to purchase a home, based on your financial situation and creditworthiness.


Can person get pre-approved for a home loan of 687?

yes


When should you get pre-approved for a home loan?

You should get pre-approved for a home loan before you start looking for a house. This will help you understand how much you can afford and make your offer more competitive.


Can I purchase a house with a pre-approved loan?

Yes, you can purchase a house with a pre-approved loan. A pre-approved loan means a lender has already reviewed your financial information and determined how much they are willing to lend you for a home purchase. This can make the home buying process smoother and show sellers that you are a serious buyer.


If you're pre-approved for a loan does that mean that you get it?

Being pre-approved means that if you apply for the loan, you will get it.


Have you been pre-approved for a mortgage loan?

Yes, have you been pre-approved for a mortgage loan?


When should I get pre-approved for a home loan?

It's a good idea to get pre-approved for a home loan before you start looking for a house. This can help you understand how much you can afford and make your offer more competitive when you find a home you like.


How can I get a pre-approved home loan?

To get a pre-approved home loan, you need to contact a lender and provide them with your financial information, such as income, credit score, and debt. The lender will then assess your financial situation and determine how much they are willing to lend you for a home purchase.