Saturday, April 22, 2017

Mortgage Approval with Conditions

Homebuyers look forward to receiving a lender's written mortgage approval. The document reflects a lender's commitment toward a home loan. Before getting too excited, a prospective homebuyer must clear any conditions that go along with the lender's pre-approval letter. Conditional items usually represent certain red flags that an underwriter seeks to clarify prior to issuing a commitment to lend.

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