pre-qualify

listen to the pronunciation of pre-qualify
Английский Язык - Английский Язык
a lender informally determines the maximum amount an individual is eligible to borrow
Preliminary indications on how large a mortgage a buyer can quality for
Ability to meet a lender's mortgage approval requirements
An informal process that determines how much home a borrower can finance However, all details are not officially checked and being pre-qualified does not guarantee being able to obtain the loan
Informal determination by a lender or broker of how large a mortgage a buyer can afford
An informal estimate of the amount of money a homebuyer can obtain through a mortgage loan

Связанные Термины

prequalify
To qualify or be qualified in advance
prequalify
Is not a full mortgage approval, but an estimate of what the buyer can afford
prequalify
(mortgage term) Informal determination by a lender or broker of how large a mortgage a buyer can afford
prequalify
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