closings: Home Financing: What to Know When Talking About A Loan
- 02/01/16 03:02 AM
Common Financing Terms Pre Qualification: This means that you have been provided an estimate of what a sort of loan you can expect to obtain based on your credit score and what’s currently available. It is a good idea to get a prequalification letter to take with you on your house hunt. Pre Approval: This means you have been approved for the loan that you have applied for. There is a time limit for the approval in which the terms quoted are guaranteed. Locked In: This means that you have a certain interest rate if you acquire the loan within a certain … (0 comments)
Common Financing Terms 
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