Finance
A Wisconsin buyer's pre-qualification letter from a lender indicates that:
AThe lender has committed to provide a loan
BThe buyer may qualify for a loan based on basic information provided, subject to verification✓ Correct
CThe purchase is guaranteed to close
DThe seller must accept the buyer's offer
Explanation
A pre-qualification letter is an informal estimate of buying power based on unverified information; it is not a loan commitment. A pre-approval involves verified documentation and is stronger.
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