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