No, not necessarily. [cite_start]To assess your affordability during the pre-approval stage, we use a provisional 'Underwriting Annual Profit Rate'[cite: 91]. [cite_start]The final, binding profit rate for your financing term is confirmed later in your official Commitment Letter and is based on the benchmark rate and market conditions at the date of commitment[cite: 93].
Is the profit rate I see during pre-approval my final rate?
In this article:
