Does a mortgage pre approval guarantee a mortgage loan approval?

Does a mortgage pre approval guarantee a mortgage loan approval?
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1 Answer

Answer :

Pre-approval for a mortgage does not guarantee that you will be approved a mortgage loan. However it does mean that it is very likely that you will be approved when you apply.
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Related questions

What is the eligibility requirements for mortgage pre-approval?

Description : What is the eligibility requirements for mortgage pre-approval?

Last Answer : The same factors that are used for approving a mortgage are used for pre-approval. These include your employment history, current salary, savings, down payment, credit history, size of the loan and other factors.

How often does a pre-approved mortgage loan not happen?

Description : How often does a pre-approved mortgage loan not happen?

Last Answer : As long as the documentation you provide matches the information you provided to obtain the pre-approval the loan should go through fairly easily. Your best bet to keep things moving and ensure a ... all of your documentation is in line, it should go right through! Good luck and congratulations!

What does the apartment mortgage guarantee?

Description : Do I just get it that I work or do I have to cancel real estate for example?

Last Answer : In order to get a mortgage, it is not enough just to work, but to have enough income to live normally and still repay the mortgage. The bank wants real estate, in your case the purchased apartment ... real estate). The bank is thus preventing it from losing money if you do not have the installments.

Can I get my loan approval online?

Description : Can I get my loan approval online?

Last Answer : Yes, Anyone can get Loan approval online. By filling your personal details in the app.Documentation ProcedureBest Loan Apps Names1. Mobikwik2. Mudrakwik3. Early Salary4. LoanMart5. KreditBee

Which of the following plays an important role in the loan approval process? A. Credit Information Report (CIR) B. CIBIL TransUnion Score C. Only A D. Both (A) and (B) E. None of the Above

Description : Which of the following plays an important role in the loan approval process? A. Credit Information Report (CIR) B. CIBIL TransUnion Score C. Only A D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: The Credit Information Report (CIR) and CIBIL TransUnion Score are very important in the loan approval process.

.Which of the following fee arrangements is in violation of the Code of Professional Conduct? a. A fee based on whether the CPA's report on the client's financial statements results in the approval of a bank loan. b. A fee based on the outcome of a bankruptcy proceeding. c. A fee based on the nature of the service rendered and the CPA's particulaexpertise instead of the actual time spent on the engagement. d. A fee based on the fee charged by the prior auditor.r

Description : .Which of the following fee arrangements is in violation of the Code of Professional Conduct? a. A fee based on whether the CPA's report on the client's financial statements results in the approval of a ... actual time spent on the engagement. d. A fee based on the fee charged by the prior auditor.

Last Answer : A fee based on whether the CPA's report on the client's financial statements results in the approval of a bank loan

Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Description : Banks issue a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context? A. Line of Credit B. Loan to Client C. Loan on Credit D. Letter of Credit

Last Answer : D. Letter of Credit Explanation: A letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.

B) CaixaBank Explanation: As per the agreement, they will expand banks‘ guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises The banks will collaborate in areas of mutual interest such as syndicated loan business, guarantee transactions, trade finance and export credit agency finance, infrastructure finance and networking services, among others.

Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.

Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank

Examples of circumstances that may create self-interest threat include: a. Contingent fees relating to assurance engagements. b. A direct financial interest or material indirect financial interest in an assurance client. c. A loan or guarantee to or from an assurance client or any of its directors or officers. d. All of the above

Description : Examples of circumstances that may create self-interest threat include: a. Contingent fees relating to assurance engagements. b. A direct financial interest or material indirect financial interest in an assurance ... an assurance client or any of its directors or officers. d. All of the above

Last Answer : All of the above

Examples of circumstances that may create self-interest threat include: a. Contingent fees relating to assurance engagements. b. A direct financial interest or material indirect financial interest in an assurance client. c. A loan or guarantee to or from an assurance client or any of its directors or officers. d. All of the above

Description : Examples of circumstances that may create self-interest threat include: a. Contingent fees relating to assurance engagements. b. A direct financial interest or material indirect financial interest in an assurance ... an assurance client or any of its directors or officers. d. All of the above

Last Answer : All of the above

How do you pre-qualify a buyer for a mortgage?

Description : How do you pre-qualify a buyer for a mortgage?

Last Answer : This cool link will take you to a site that will tell you all you need to know about being pre-qualified to purchase a first home. http://www.usbank.com/mortgage/learning/pre-qual-approve.html

What does a mortgage loan officer do exactly?

Description : What does a mortgage loan officer do exactly?

Last Answer : answer:It depends what type of company you're interviewing with. Home mortgage branches of large banks usually are commission driven. Credit unions usually have no commission whatsoever. You'll be staying an ... attorneys now but some still do their own closings, so you may handle that aspect also.

How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

Description : How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

Last Answer : Should be 2 weeks tops.

What is a good place to get a co-op mortgage loan?

Description : What is a good place to get a co-op mortgage loan?

Last Answer : I got a mortgage for my co-op from CitiMortgage - citimortgage.com - which is a division of CitiBank. I don't know where you live, but they apparently do a large portion of the mortgages on apartments in manhattan (where I live), which are primarily co-ops.

Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Description : Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Last Answer : From what I understand, Feds cutting interest rates dosen’t do much for mortgage rates. I was going to refinance but it just wasn’t worth it.

Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?

Description : Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?

Last Answer : A mortgage(Apex)

Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Description : Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Last Answer : This type of transaction will not be permissible. Because it is not permissible to get any benefit from the borrower in return for the loan. That includes interest. In the case in question, ... bin Masood agreed. That said , the conditional contract involves interest. (Sahih Ibn Hibban 1053)

FHA Mortgage Loan Calculator?

Description : FHA Mortgage Loan Calculator?

Last Answer : FHA Mortgage Loan CalculatorUse this calculator to determine the maximum FHA mortgage that would be allowed for your home purchase and an estimate of your required downpayment and closing costs. This ... . Then use the calculator below to determine the required downpayment and FHA mortgage limit.-

Mortgage Loan Calculator?

Description : Mortgage Loan Calculator?

Last Answer : Mortgage Loan CalculatorUse this calculator to generate an estimated amortizationschedule for your current mortgage. Quickly see how much interestyou could pay and your estimated principal balances. You ... prepayments! Press the "ViewReport" button for a full yearly or monthly amortizationschedule.

what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Description : what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Last Answer : what type of grant would help to pay off a mortgage of about $35,000 loan for senioir citizens?

can i get a loan to fix my house and not take out second mortgage?

Description : can i get a loan to fix my house and not take out second mortgage?

Last Answer : can i get aloan to fix my house without taken a second mortgage out

How can I pay my mortgage loan on-line?

Description : How can I pay my mortgage loan on-line?

Last Answer : “How can I pay my mortgage loan on-line?”

How do I go about getting a title loan so I can make a mortgage payment?

Description : How do I go about getting a title loan so I can make a mortgage payment?

Last Answer : You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

Is an FHA loan a type of government mortgage assistance?

Description : Is an FHA loan a type of government mortgage assistance?

Last Answer : Yes, an FHA loan is a special program for first time home-buyers. It offers you a first time home buyer credit and is a form of government assistance.

What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Description : What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Last Answer : Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.

Is it possible to still get a reverse mortgage loan with bad credit?

Description : Is it possible to still get a reverse mortgage loan with bad credit?

Last Answer : You can get reverse mortgage, but you must also realize that if you pass away or sell your house you do not get all of the money. They will take it and all the interest that goes with it.

What is a reverse mortgage loan, and where can I get one?

Description : What is a reverse mortgage loan, and where can I get one?

Last Answer : A reverse mortgage is a type of (lifetime morage) for people the ages of 62 and over. It allows the homeowner to access a portion of their equity. I was always told it wasent a good idea.

What are the FHA loan requirements for mortgage insurance?

Description : What are the FHA loan requirements for mortgage insurance?

Last Answer : The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States ... properties since 1934 when it was created. Learn more about FHA loan requirements and guidelines.

A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.

__________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Description : __________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Last Answer : A. Reconveyance Explanation: The transfer of real property that takes place when a mortgage is fully paid off and the land is returned to the owner free from the former debt.

Which of the following forms of securing a loan is the safest one? A. Lien B. Assignment C. Pledge D. Hypothecation E. Mortgage

Description : Which of the following forms of securing a loan is the safest one? A. Lien B. Assignment C. Pledge D. Hypothecation E. Mortgage

Last Answer : C. Pledge Explanation: A pledged asset is collateral pledged by a borrower to a lender (usually in return for a loan). The lender has the right to seize the collateral if the borrower defaults on the obligation.

Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these

Description : Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these

Last Answer : a) Mortgage loan

Which term refers closure of the loan account prior to the tenure fixed for the account? A. Pre Approved B. Pre Closure C. Personal Disposable D. None of the Above

Description : Which term refers closure of the loan account prior to the tenure fixed for the account? A. Pre Approved B. Pre Closure C. Personal Disposable D. None of the Above

Last Answer : B. Pre Closure Explanation: Prepayment or pre-closure of a loan implies to the early repayment of a loan, in part or in full. Prepayment is done to reduce the tenure of the loan as well as the interest.

Now that the FDA has granted full approval for the Pfizer-BioNTech vaccine, what will be the next excuse antivaxxers will use?

Description : Now that the FDA has granted full approval for the Pfizer-BioNTech vaccine, what will be the next excuse antivaxxers will use?

Last Answer : They will use the excuse that it's not as effective as first touted, thus a third shot is necessary. And who knows how many other booster shots will be necessary!?! I personally will take every ... not FDA approved is that probably at least 50% of them are taking vitamins that are not FDA approved!

When Pfizer and Moderna vaccines get full FDA approval will more people be willing to get vaccinated?

Description : When Pfizer and Moderna vaccines get full FDA approval will more people be willing to get vaccinated?

Last Answer : Doubt it. These had preliminary approval 6 months ago and we now have had months of proof. I don't think that achieving full approval' is going to change anyone's mind. The empirical proof is ... and anyone with a brain could have seen that. The deniers are going to have to invent another excuse.

Do you think Trump is desperate for approval, and becoming more desperate as he's moving further and further from it?

Description : Do you think Trump is desperate for approval, and becoming more desperate as he's moving further and further from it?

Last Answer : This comment from this link. I asked Trump if he would be attending the White House Correspondents Dinner. He said: “No. Do you like that?” People cheered behind me.

Whose praise or approval means the most to you?

Description : Whose praise or approval means the most to you?

Last Answer : Mrs Squeeky, and my Fathers praise means the most to me.

Why do people think that their desires are entitled to approval?

Description : Why do people think that their desires are entitled to approval?

Last Answer : answer:@josie: Why isn't tolerance enough? Isn't it? As long as tolerance = support for equality, then I don't think anyone has a problem with that. Nobody is a huge abortion fan, but if you ... it doesn't really matter what you think of abortion. I think you may be over-thinking this a bit.

Why can't I "accept" You tube approval button?

Description : Why can't I "accept" You tube approval button?

Last Answer : You’re done with the video, just save it to your hard drive. Then, using Chrome, open YouTube. From YouTube, you can upload it from your hard drive.

If patients and doctors need permission from the Political State to do their business, shouldn't sexual partners also have to get State approval?

Description : If patients and doctors need permission from the Political State to do their business, shouldn't sexual partners also have to get State approval?

Last Answer : Oh, please.

How can I update flash player without administration approval?

Description : How can I update flash player without administration approval?

Last Answer : Go into the user section of control panel in the admin account and make yours an administrator one.

I need advice on what to do next with bills after having received approval of Medi Cal?

Description : I need advice on what to do next with bills after having received approval of Medi Cal?

Last Answer : Contact the numbers on each bill separately and give them your insurance information over the phone. They will process it and inform you rather you are approved or not.

How long does it take for the credit card to follow the approval letter?

Description : How long does it take for the credit card to follow the approval letter?

Last Answer : It it usually several days to a couple of weeks. They should have told you when to expect it. Maybe you could call and ask.

Should people wanting to adopt children from another country get approval from social service?

Description : Should people wanting to adopt children from another country get approval from social service?

Last Answer : answer:I have never heard that people adopt abroad because they cannot pass the scrutiny here. People I know who adopt abroad either have a connection to that country, want a closed adoption, or ... than is done already. The parents already go through some sort of interview process I would think.

I entered some data into the "fields of expertise", "hobbies", and "places you've lived" data entry fields. Did I not submit it correctly, or am I awaiting moderator approval? lol thanks?

Description : I entered some data into the "fields of expertise", "hobbies", and "places you've lived" data entry fields. Did I not submit it correctly, or am I awaiting moderator approval? lol thanks?

Last Answer : I just tested it and it seems to work fine. Are you sure you hit the save button?

Did you know that the "public option" for health care actually has a 62 percent approval rating?

Description : Did you know that the "public option" for health care actually has a 62 percent approval rating?

Last Answer : It needs a 60% approval rating in the Senate, but thanks to some DINOs, it ain’t gonna get it.

When exactly can they cut you up and distribute all your organs if you have that 'donor' approval on your drivers license?

Description : When exactly can they cut you up and distribute all your organs if you have that 'donor' approval on your drivers license?

Last Answer : As soon as you sign up for Fluther…

When did the practice of clapping your hands to show approval start?

Description : When did the practice of clapping your hands to show approval start?

Last Answer : all i can say is good question. needs investigation. probably at prehistoric times when words could not express.

Why are the approval ratings of Congress so low?

Description : Why are the approval ratings of Congress so low?

Last Answer : This congress is a “do nothing” congress because there is no clear majority. In Senate Democrats should depend on Liberman’s vote to win a majority.This could be one reason why they make no progress and it has such low rating.