Pre-qualification

Pre-qualification

Less formal that pre-approval, pre-qualification usually means a written statement from a loan officer indicating his or her opinion that the borrower will be able to become approved for a mortgage loan.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
Acronym-Abbreviation:

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Related terms

pre-qualification

Business services; Relocation

The process of determining how much money a prospective homebuyer will be eligible to borrow before applying for a loan.

pre-qualification

Real estate; General

The process of determining how much a homebuyer will be eligible to borrow before he or she applies for a loan.

pre-qualification

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