Does your mortgage pre-approval hold water?

Does your mortgage pre-approval hold water?

Make sure that your approval holds water – or find yourself drowning with debt. (Photo: ThinkStock)

In cases where a loan provider informs you you might want to stop and run in the other direction — fast that you can be pre-approved in just a few minutes. a pre-approval that is real a lot more than simply that loan application and credit history.

1. You’ve presented a credit card applicatoin with a lender.

You’ve authorized the financial institution to pull your credit file.

You’ve offered all required supporting paperwork.

Lender has especially evaluated all documentation that is supporting together with your taxation statements and each little bit of monetary documents. Continue reading “Does your mortgage pre-approval hold water?”