1) During the mortgage pre-approval process the lender requests personal information regarding your finances such as your Notice of Assessment from having filed your tax returns, your latest pay statement, and will likely run a credit check. Which statement(s) are true with regards to a Pre-Approved Mortgage? 1. It provides you with an estimate of your potential mortgage payments. II. It allows you to know the maximum amount of a mortgage you could qualify for. III. It locks-in an interest rate for a certain time while you are looking to purchase a home (for example, 60-130 days, depending on the lender). IV. It guarantees the approval of a mortgage. a) I, II, and IV b) II, and all c) III, and IV d) 1, II, and 116 e) All the above