Prequalification

The process of determining how much a prospective home buyer might be eligible to Borrow before he/she has applied for a loan; not a Guarantee of approval.

Related Terms: 7 Buy, Borrow, Guarantee, Loan, ROC, ROCE, Term

Other Related Pages: Category: Real_Estate Starting With: P

Additional Related Terms: Allowance for depreciation, Accrual of discount, Amortization of premium, All or any part, Applied economics, Abstract of title, Action to quiet title, As is, Assignment to creditors, Attorney in fact