Preapproval Letter

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Preapproval Letter is a document from a lender stating that the lender is conditionally willing to lend to the borrower, up to a certain loan amount.

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Explaining debt-to-income "DTI" and its importance
How to prequalify for mortgage?
The Path to Homeownership
Mortgage pre-approval vs. pre-qualification letter
Key mistakes to avoid when buying a home

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Related Terms:

Term: Loan Amount
Term: Lender
Term: Mortgagor