"To approve a mortgage application" means to give permission or consent for someone to be granted a loan to purchase a property, based on their financial and creditworthiness.
Sentences with «to approve a mortgage application»
Banks must adhere to a stringent process before approving mortgage applications. (mortgagebrokerstore.com)
An assessment of how much risk a lender takes on by approving your mortgage application. (studentloanhero.com)
For many mortgage lenders, having a home appraisal done is a requirement for approving the mortgage application. (mortgagebrokerstore.com)