Terry Swanson - Century 21 Results
2 years ago
Decoding Real Estate Jargon: Terms to Know
Pre-approval. A mortgage pre-approval enables you to make a quick offer on a home, and most real estate agents will request a pre-approval letter before showing you homes. It’s when a lender assesses your income, assets, debts, and credit history to determine how much money you can borrow and potential interest rate.
Pre-approval. A mortgage pre-approval enables you to make a quick offer on a home, and most real estate agents will request a pre-approval letter before showing you homes. It’s when a lender assesses your income, assets, debts, and credit history to determine how much money you can borrow and potential interest rate.
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