Prequalification is an initial evaluation of an applicant’s ability to qualify for a loan. Prequalification is used in the mortgage process to give lenders an idea of how much a person can borrow and what kind of loan terms she might qualify for.
Prequalification is an initial evaluation of an applicant’s ability to qualify for a loan. Prequalification is used in the mortgage process to give lenders an idea of how much a person can borrow and what kind of loan terms she might qualify for.
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