Pre-Approval Disclosure

Pre-approval is based on an initial review of credit information provided to Lending Spot, and it has not undergone full underwriting scrutiny. Any submitted documentation is voluntary and considered for initial assessment purposes only.

Conditions for Final Loan Approval:

1. Full Underwriting Review: Final loan approval is contingent upon a comprehensive underwriting review of all supporting documentation.

2. Creditworthiness: The applicant’s creditworthiness will be evaluated, including credit history, credit scores, and payment behavior.

3. Asset Verification: Verification of assets, such as bank statements and investment accounts, may be required.

4. Income Verification: Documentation of income sources and stability will be assessed.

5. Property Appraisal: A satisfactory property appraisal confirming the property’s value will be necessary.

6. Liabilities Assessment: Existing debts and obligations will be considered in the underwriting process.

7. Compliance with Program Guidelines: The loan must meet all program guidelines and criteria set forth by Lending Spot and regulatory authorities.

Note:

• Pre-approval does not guarantee final loan approval.

• Any changes in your financial situation or credit status may affect your eligibility for a mortgage.

• Lending Spot reserves the right to request additional documentation or information during the underwriting process.

• Additional conditions or requirements may apply based on the specific loan program and applicant circumstances.

By accepting pre-approval, you acknowledge and understand that these terms are subject to change based on the results of the full underwriting review. Furthermore, Lending Spot retains the right to modify or withdraw the pre-approval offer at any time until a final loan commitment is issued.