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.
Best Answer: Being pre-approved and pre-qualified is not the same. Getting pre-qualified is really quick. Go talk to a loan officer and they can generally get you pre-qualified within minutes.We made and offer on our house after just being pre-qualified but the seller came back and wanted a pre-approval letter. Pre-approval or just plain approval is a little more involved.o talk to a loan officer and they can generally get you pre-qualified within minutes. We made and offer on our house after just being pre-qualified but the seller came back and wanted a pre-approval letter. Pre-approval or just plain approval is a little more involved.