When a loan pre-approval is provided to a buyer, what does it mean? The borrower qualifies for a loan but her financial information hasn't been verified. The home has appraised for at least the purchase price. The home has passed an inspection. The loan has been approved based on the buyer's current financial status.

Introductory Chemistry: A Foundation
9th Edition
ISBN:9781337399425
Author:Steven S. Zumdahl, Donald J. DeCoste
Publisher:Steven S. Zumdahl, Donald J. DeCoste
Chapter3: Matter
Section: Chapter Questions
Problem 19CR: Which of the following represent physical properties or changes, and which represent chemical...
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When a loan pre-approval is provided to a buyer, what does it mean?
The borrower qualifies for a loan but her financial information hasn't been verified.
The home has appraised for at least the purchase price.
The home has passed an inspection.
The loan has been approved based on the buyer's current financial status.
Transcribed Image Text:When a loan pre-approval is provided to a buyer, what does it mean? The borrower qualifies for a loan but her financial information hasn't been verified. The home has appraised for at least the purchase price. The home has passed an inspection. The loan has been approved based on the buyer's current financial status.
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