58d57c37_TERMS___Whitehorse_Real_Estate__Definition
[Term] Pre-Approved Mortgage [Definition] 
When a lender approves the potential mortgagor for a specified amount, based on how much money the lender is prepared to lend to the borrower. This allows buyers to shop for homes that they already know they can obtain financing for and not homes that are potentially too expensive, or out of the borrowers means to finance.
WHITEHORSE REAL ESTATE TERMS - Whitehorse Real Estate
Definition