Hedge funder Scott Bommer, of SAB Capital, is in contract to sell three Lily Pond Lane properties in the Hamptons for $110 million in an off-market deal, The Post has learned.
A pre approval is based on the documentation the borrower supplies at the time of application, and any actual eligibility to receive the pre approved loan depends on the terms and conditions of the pre approval and ability to secure the loan before the pre approval expires.
Mortgage pre-approval is a commitment from a lender to provide you with home financing up to a certain loan amountâbasically the stamp of approval that you have the money, credit history, and other credentials to buy a home up to that price. Loan Pre-Approval Is Key.