Beauty Concrete blocks can provide many different appearances to a building. Architectural units can be used to provide texture and/or color to the exterior of the building. Ground face units provide a beautiful, yet very smooth surface that can be used in exterior or interior applications.
Approval means that the borrower meets the lender's Qualification Requirements and also its Underwriting Requirements. In some cases, especially where approval is provided quickly as with Automated Underwriting systems, the approval may be conditional on further verification of information provided by the borrower.
DEFINITION of 'Pre-Approval'. An evaluation of a potential borrower by a lender that determines whether the borrower qualifies for a loan from the lender, or the maximum amount that the lender would be willing to lend.REAKING DOWN 'Pre-Approval'. The pre-approval process involves a confirmation of income and a credit check on the borrower. As long as no major income or credit changes occur between the time of pre-approval and the actual purchase of a home, the dollar amount of pre-approval can be expected to remain the same.