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On this page, we have assorted the most searched definitions on the internet. If you do not find what you are looking for on this page, please try searching alphabetically.
Also on each definition page you will find a few related-term links towards the bottom. These terms are directly or tangentially related to the definition that you have chosen to read; these lists were developed after careful research and we hope they make your navigation on our site easy.
Pre-Approval :- A term that is mostly taken to mean that the loan application has been completed and the debt, income, and savings documentation which are underwritten, reviewed and approved are provided to the borrower. This kind of approval is generally given to certain loan amount while assuming the real interest rate of the loan when made actually, and while estimating the amount to be paid as property taxes, insurance and others. A pre-approval concerns the borrower alone. The property chosen must also meet the underwriting guidelines of the lender. Contrast with pre-qualification.