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How bank caluculate current property value for giving home loan

 
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Margret


Hello! How bank caluculate current property value for giving home loan?
0     In Bank Cont.04

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    Q. Does the bank check credit score when giving a loan pre approval letter?


    ON, Canada. Pre-approval coming from our brokerage means that underwriting has been done as if you are buying a property now. That means doing a credit bureau check as well. The bank may or may not do another credit bureau check when the mortgage closes.

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