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Definition of Pre-approval letter
1. Noun. (American English) An official document confirming that an applicant for a mortgage has been qualified to borrow a certain amount of money at, or below, a specific interest rate. ¹
¹ Source: wiktionary.com
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1. Noun. (American English) An official document confirming that an applicant for a mortgage has been qualified to borrow a certain amount of money at, or below, a specific interest rate. ¹
¹ Source: wiktionary.com