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:

Responsibilities

Duties and tasks that an individual or entity is required or expected to carry out or fulfill in a specific role or function.

Competency-Based Pay

A compensation strategy where employees are paid based on their skills, knowledge, and performance levels rather than their job title or position.

Management Attitude

The disposition, outlook, or approach that the management of a company or organization holds towards its operations, employees, and business strategies.

Work Efforts

The amount of physical or mental energy applied by an individual in completing tasks or responsibilities at their job.