January 2025

What exactly is a mortgage in principle?

By |2025-01-27T11:51:48+00:00January 27th, 2025|, |

A mortgage in principle is the first step to applying for a full mortgage loan. It includes gathering financial information such as income and spending, and a soft or hard credit check, depending on the lender. Lenders confirm they will provide you with a mortgage for a specific value as long as the information you provided does not change.

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