what is pre approval letter?
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A prequalification or preapproval letter is a document from a lender stating that the lender is tentatively willing to lend to you, up to a certain loan amount. ... Sellers frequently require a prequalification or preapproval letter before accepting your offer on a house.
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A prequalification or preapproval letter is a document from a lender stating that the lender is tentatively willing to lend to you, up to a certain loan amount. Sellers frequently require a prequalification or preapproval letter before accepting your offer on a house.
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