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Getting Pre-Approved for a Mortgage – RBC Royal Bank – 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.
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What It Means to Be Pre-Approved’ for a Mortgage – To be pre-approved for a mortgage means that a bank or lender has investigated your credit history and determined that you would be a suitable candidate for a mortgage. (If you want to see where your.
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