A letter from a The lender providing funds for a mortgage. Lenders also manage the credit and financial information review, the property and the loan application process through closing…. indicating that indicates you qualify for a A loan using your home as collateral. In some states, the term mortgage is also used to describe the document you sign (to grant the lender a lien on your home). It also may be used to indicate the amount of money you borrow, with interest, to purchase your house. The amount of your mortgage often is the purchase price… of a specific amount. Its intent is to show a home seller that you’re a serious buyer. The standard for a A process by which a lender provides a prospective borrower with an indication of how much money he or she will be eligible to borrow when applying for a mortgage loan. This process typically includes a review of the applicant’s credit history and may involve the review and verification of income and assets to close…. letter is less than a conditional approval letter. A A mortgage Lender can analyze your income, debts, and cost of the home to produce a conditional qualification letter. The letter tells you what they can lend and any conditions that apply. Your letter accompanies your offer to the seller to verify your qualification. You must make the effort for a written application with all documentation. Your lender can speak highly of your… More is the highest standard for your approval.