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Should You Get A Mortgage From A Bank Or A Mortgage Broker?A mortgage preapproval is a statement of how much money a lender is willing to let you borrow to pay for a home. Getting preapproved means. To get preapproved, you'll need to provide your lender with documents they'll use to verify your personal, employment and financial information. For a lender to approve a mortgage, they will consider six key criteria: credit, income, assets, employment, valuation, and title.