Loan Qualification

It simply means that, based upon an initial review, your credit appears

sufficient to qualify you for the necessary loan amount. After issuing the

letter, the lender may refuse to approve your loan if there are any changes in

your employment, creditworthiness, or other changes which might affect your

ability to repay the loan. The lender reserves this right until the deed is

recorded transferring title and the loan proceeds are actually disbursed at

.

Environment

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