Loan Process – Pre-Qualification

pre-approval

LOAN PROCESS • PRE-QUALIFICATION & OFFER LETTER

This is an assessment by the lender, based on certain basic information given by the borrower (e.g. employment, income, asset information, current monthly debt, and credit worthiness) as well as a credit report. Based on this quick evaluation the lender makes a tentative decision to pre-qualify the borrower for a certain loan amount. 

Fast-Application


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