Question by : What does it mean when it says “Subject to lender’s approval” in a home description?
My family is looking at a potential new home that says “subject to lender’s approval” in the description and trying to figure out what that means. Does it really mean you should be pre-approved for a loan first or does our lender need to see the property or anything like that? We really like the house and want to see it again
thanks.
Best answer:
Answer by kemperk
a lender re-possessed the house. The re-possessor wants to makesure the buyer prospective] is pre-qualified to buy so theydon’t waste their time.
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