Pre-approved Loans

The pre-approval of loans is a marketing strategy which is adopted by the banks and other financial institutions in order to enhance their credit disbursal through cross selling products. Based on the existing information of the customer, loan products are sold to them. The process of pre-approval can be initiated by the customer or the […]

Many of the mortgage professionals call a pre-qualification a pre-approval when this is not the case. When you visit a mortgage professional, they will either pre-qualify or pre-approve your mortgage application. These two terms have become interchangeable through the years and that is unfortunate for many borrowers. First time property buyers often get confused of […]