The Decision in Principle is the first part of your mortgage application process. It lets you and others (e.g. Estate Agents and sellers) know that Rafidain Bank would be prepared to lend to you, subject to a full application. It is not an offer of a mortgage.

It is not a guarantee because it's subject to proof of income as well as any references we request and a valuation of the property (although if you are buying a home, you can still get a DIP before you've found a property).