Process & Closing
What is mortgage pre-approval?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Pre-approval is a lender's verified commitment, based on your reviewed income, assets, and credit, stating the loan amount you qualify for. It's the letter sellers expect with an offer.
Unlike a quick pre-qualification, it's backed by real document review, so your offer carries weight. We issue most Florida buyers a same-day pre-approval after reviewing the basics.
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