Mortgage Lender Pre Approval
15 Year Home Mortgage Rates Fixed-Rate-Mortgage | PNC – Fixed Rate Mortgage – Consistent payments for the life of your loan. Learn if this PNC loan is the right mortgage for you, how your loan terms, your down payment, and other special circumstances could be.
Mortgage Pre-Approval. When you are pre-approved for a mortgage, a lender has looked closely at your credit reports, your employment history, and your income – and must then determine which loan programs you qualify for, the maximum amount you can borrow, and the interest rates you will be offered.
Mortgage pre-approval is a more significant milestone in the process because a lender is actually checking your credit and verifying your financial information. If you’re pre-approved, a lender is making an actual commitment (subject to conditions such as a property valuation) to loan you money.