what does a mortgage pre approval mean
What It Means. To be pre-approved for a mortgage means that a bank or lender has investigated your credit history and determined that you would be a suitable candidate for a mortgage.hat It Involves. Getting pre-approved is a somewhat lengthy process. But at the end of it all youâll know whether you can buy a home or not. The process starts before you even find a home. First, youâll need to go to a lender and complete a mortgage application and provide documents related to your financial history.