2007-03-22 12:29:18 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
All that means is that they will finance 80% of the value of whatever you are buying... you have to come up with the rest.
For example if you are approved for 80% of a house that is worth (appraised) at $100,000 they will finance $80,000 and you have to put a $20,000 down payment
2007-03-22 12:32:57 · answer #1 · answered by Blah 2 · 1⤊ 0⤋
80+20=100
2007-03-22 20:25:34 · answer #2 · answered by Luckys Charm 4 · 0⤊ 0⤋
It means 80% of those who apply, are approved.
2007-03-22 19:32:16 · answer #3 · answered by Skyhawk 5 · 0⤊ 0⤋
It means you got appoved 80% of the loan you apply for Congrations all the best Good Luck
2007-03-22 20:17:14 · answer #4 · answered by pattibcacl 6 · 1⤊ 0⤋
It could mean absolutely nothing, or whatever the lender wants it to mean. Most of the language on 'pre-approved' offers are pure marketing and has little actual meaning.
2007-03-22 20:12:29 · answer #5 · answered by STEVEN F 7 · 0⤊ 1⤋
It means you have to come up with the other 20%.
2007-03-22 20:41:23 · answer #6 · answered by ? 7 · 0⤊ 0⤋
It means that your wiener is only 80% hard
2007-03-22 19:38:42 · answer #7 · answered by Nick the Dick 1 · 0⤊ 2⤋