What Is the Purpose of Getting a Pre-Approval Certificate from a Financial

question 55

Multiple Choice

What is the purpose of getting a pre-approval certificate from a financial institution?

• A)To guarantee you a mortgage interest rate valid for 30 days
• B)To provide you with a guideline on how large a mortgage you can afford
• C)To guarantee funding so you can make an offer on a house
• D)To guarantee you will be approved for a mortgage

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Definitions:

Developmental Psychology

The study of how people change across their lives, from conception and birth to old age and death.

Cognitive Psychology

The branch of psychology that studies mental processes such as perception, thought, memory, and reasoning.

Political Science

The academic discipline that studies the theory and practice of politics and analyzes political systems, behaviors, and activities.

Cross-Cultural Research

A scientific approach that compares cultural contexts to understand the universality or variability of human behaviors, values, and beliefs.