Not exact matches
Confirmation from your current servicer /
loan holder
of the pay - off
amounts and interest rates on your underlying
loans (generally within 2 weeks
of receiving your application)
It includes rate
confirmation,
loan amount, and end cost
of loan.
A preapproval is a written
confirmation of the maximum
loan amount for which a borrower qualifies, along with the likely interest rate, and shows sellers that a buyer has the financing to back up an offer.
Confirmation from your current servicer /
loan holder
of the pay - off
amounts and interest rates on your underlying
loans (generally within 2 weeks
of receiving your application)