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approvalIn lending pre approval has two meanings The first is that a lender via public or proprietary information feels that a potential borrower is completely credit worthy enough for a certain credit product and approaches the potential customer with a guarantee that should they want that product they would be guaranteed to get it What Does It Mean To Be Pre Approved constructionadvisortoday 2009 12 shop drawing approval does it Contractors are frequently required to submit shop drawings material samples and equipment specifications for owner approval One might assume that if a contractor proceeds in accordance with an approved submittal the questions how to get pre The First Step Before trying to get pre approved for a home loan check your credit reports and credit score By taking this first step early on you ll have an idea of what kinds of loans you may qualify for and you ll have time to clear up any errors or problems you find on your reports before you start shopping for homes
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