prequalification

listen to the pronunciation of prequalification
الإنجليزية - التركية
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الإنجليزية - الإنجليزية
Informal estimate to determine how much money a purchaser will be eligible to borrow before a loan is applied for
informal estimate of the how much financing a potential borrower might expect to obtain Completed before the borrower pays substantial loan application fee
An informal process whereby mortgage brokers, based upon information the potential borrower discloses about their financial situation, provide an opinion about the money they may be able to borrow
A process in which the loan officer calculates the housing-to0income- ration and the debt-to-income ration to see how much of a mortgage loan you qualify for
The process of pre-determining how much money a prospective home buyer might be eligible to borrow Prequalifying for a loan does not guarantee approval
The process of determining how much money a prospective home buyer will be eligible to borrower before a loan is applied for
The first stage of a mortgage application where the lender will run a basic credit report and determine your debt to income ratio in order to see how much of a mortgage you qualify for
An opinion rendered by a mortgage consultant about the borrower's ability to qualify for a mortgage Not a preapproval
a step in the bidding process in which the Borrower first selects the firms to whom invitations to bid will later be issued This pre-selection is based solely on the capability of the contractors to carry out the works satisfactorily, and is normally used only for major or complex works or for acquisition of highly specialized goods The factors analyzed are the contractors- technical and financial competence
The process of determining how much money a prospective home buyer will be eligible to borrow before a loan is applied for
The process of determing how much money a prospective home buyer will be eligible to borrow before a loan is applied for
Some lenders "prequalify" mortgage applicants in less than an hour by performing cursory checks Seldom can a lender fully check an applicant's credit, asset and debt status this quickly, so final approval typically takes at least a few more days Though such preliminary prequalifications may soon lead to a full preapproval, there is no guarantee until the applicant receives a letter, certificate or wallet-size card bearing the mortgage-holder's name and maximum loan amount
The process of determining how large of a loan a prospective homebuyer can qualify for; this procedure is done before actually applying for the loan
The process of determining how much money a prospective home buyer will be eligible to borrow before he or she applies for a loan
The process of determining how much money a prospective borrower will be eligible to borrow prior to applying for a loan Prequalification does not constitute a commitment or guarantee from a lender to make a loan Information submitted during prequalification is subject to verification at application
The process of determining how much money a prospective homebuyer will be eligible to borrow before a loan is applied for
The borrower has received a statement from the lender that they will likely be able to obtain a loan contingent upon verification of information provided by the borrower This is NOT a guarantee of a loan commitment as information is unverified
A process by which a potential home buyer qualifies for a home mortgage before making an offer on a house A lending institution agrees to make a loan in the specified amount to the person it has prequalified
The process of determining how much money a prospective home buyer will be eligible to borrow Done before a loan is formally applied for
The process that determines your qualification to receive a mortgage loan and the loan's maximum amount Top
a process used by a lender or real estate professional to determine how much money a prospective home buyer will be eligible to borrow based on standard qualifying ratios
A process used to determine how much money a prospective home buyer may be eligible to borrow
An assessment of capabilities, current capacity, etc as an initial part of a selection process Used to narrow the number of bidders when inviting tenders for contract work and thereby reduce the amount of work for both those bidders unlikely to be successful on these grounds as well as the amount of work in reviewing the submissions and making a final selection for award
prequalification
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