Houtan HormozianExpert on Real Estate, Finance and PropTech

Dive into today's real estate trivia!

11 Jun 2024 · 0 min

Watch on YouTube

0:13

In this brief YouTube clip, the host presents a real‑estate trivia fact: the term “pre‑approval” refers to the process where a lender evaluates a borrower’s creditworthiness and determines the maximum loan amount the borrower can obtain. The statement serves as a concise definition aimed at informing viewers about a key step in the mortgage journey.

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