Browsing Month: January 2020

Understanding the Loan Approval Process

MoneyTipsThe loan approval process may seem convoluted with confusing language and odd delays. In a way, it does have its own language – and understanding that language can give you a better feel for where you are really at in the process. Let’s draw an analogy while we look at things from the lender’s perspective. When lenders evaluate you for loan approval, they are assessing risk – just as you would do greeting your daughter’s new boyfriend at the door for the very first time. Pre-Qualification – In the case of your daughter, you are looking out…