mortgage & home loan refinance | vase at home

Pre-qualification

Pre-qualification

A lender's evaluation of a borrower's eligibility to take out a loan of a certain dollar size that is made before the borrower has submitted a loan application. Pre-qualification does not require the borrower to submit proof of income and other documents that are required in a formal loan application. Receiving pre-qualification approval from a lender is not a guarantee that the borrower will be approved by the lender for the loan.

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