Define the problem. With the information in front of you, you're ready to write down a problem statement - a comprehensive definition of the problem. Before you do, remember two general principles: Define the problem in terms of needs, and not solutions. If you define the problem in terms of possible solutions, you're closing the door to other, possibly more effective solutions.
What It Means. To be pre-approved for a mortgage means that a bank or lender has investigated your credit history and determined that you would be a suitable candidate for a mortgage.hat It Involves. Getting pre-approved is a somewhat lengthy process. But at the end of it all youâll know whether you can buy a home or not. The process starts before you even find a home. First, youâll need to go to a lender and complete a mortgage application and provide documents related to your financial history.
A bank loan pre-approval occurs when a bank approves a borrower for a specific loan amount upfront based on the borrower's credit and income.This often occurs for home loans and other large purchases. When you apply for credit, this places a hard inquiry on your credit report.If you're shopping for a bank loan, it's prudent to understand if loan pre-approvals can hurt your credit score.his often occurs for home loans and other large purchases. When you apply for credit, this places a hard inquiry on your credit report. If you're shopping for a bank loan, it's prudent to understand if loan pre-approvals can hurt your credit score.