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.
Get Pre-Approved. Being pre-approved means you've filled out a mortgage application (or you've met with a loan officer), your credit files have been reviewed, and the loan officer believes you can readily qualify for a given loan amount with one or more specific mortgage programs.