What Does "Pre-approval" Mean?

Pre-approval During the pre-approval process your financial information is actually verified. With your permission, we will obtain your credit report to verify that the information you provided is correct. The credit report will also provide your credit score, which will help to determine if you can fit into a loan program. If your financial information is acceptable we will provide you with a pre-approval. If your financial information is such that you cannot qualify for a loan at this time we will discuss ways for you to improve your financial situation so you can qualify for a loan in the future.