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24 June, 20:54

Mortgage preapproval means a lender has agreed to loan you a set amount of money as long as you meet certain conditions.

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  1. 24 June, 21:09
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    Answer: True,

    Preapproval is when the lender guarantees to loan you a set amount of money, so long as you meet certain conditions and the home meets their requirements.

    To be pre-approved for a mortgage means that a bank or lender has investigated your credit history and determined that you would be a suitable candidate for a mortgage.
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