Prospect Mortgage is required to prequalify buyers that have no other preapproval or prequalification commitments from other mortgage lenders for finance offers of $65,000 and above. For buyers with a prequalification or preapproval from another mortgage lender, Prospect Mortgage will validate the buyer's prequalification/preapproval by providing a Prospect prequalification letter on finance offers for $65,000 and above.
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