Finance
A Montana home buyer is pre-approved for a mortgage. This means the lender has:
AGuaranteed the loan amount unconditionally
BReviewed the buyer's financial information and indicated a willingness to lend up to a specified amount, subject to final underwriting✓ Correct
CCompleted the full loan underwriting process
DRecorded a lien on the buyer's future property
Explanation
Pre-approval means the lender has reviewed the buyer's financial information (credit, income, assets) and conditionally committed to lend up to a specified amount. Final loan approval is still subject to underwriting and property appraisal.
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