A preapproval letter allows you to make an offer on a home and sign the purchase and sale agreement. Conditional approval means the mortgage lender will likely approve your loan application if you ...

The lender will begin the underwriting process on your loan and issue a commitment letter if you're on track for approval. Note that mortgage commitment letters, like preapprovals, have an ...

CNBC Select explains how to apply for a mortgage, from preparing financially and getting preapproval to undergoing the ...

When you begin shopping for a home, having a mortgage pre-approval letter can demonstrate that you’re a serious buyer. It shows sellers that a lender has determined that you are likely to be ...

In this guide, we’ll share how to get preapproved for a home loan step-by-step. A mortgage preapproval is a statement, usually a document or letter, indicating how much money a lender is willing ...