A lender's opinion that a borrower is eligible for a given loan. Lenders interview possible borrowers and examine their credit histories to decide prequalification, but lenders must formally evaluate people's finances before loaning them money.
Related information about prequalified loan:
- What is prequalified loan? definition and meaning
Definition of prequalified loan: A lender's opinion that a borrower is eligible for a given loan. Lenders interview possible borrowers and examine their credit ...
- What is the Difference Between a Prequalified Loan and a ...
May 16, 2011 ... One of the first things I ask when starting to work with new buyers is are you preapproved for a loan? Let's look at why it's important to answer.
- Documents Needed for Mortgage Preapproval | Home Guides | SF ...
A seller's real estate agent understands that an offer with a preapproved loan is farther along in the loan process than a prequalified loan, and may take the ...
- How to Get Prequalified for a Mortgage | Home Guides | SF Gate
... i bring prequalified loan i my mortgage mortgage can i mortgage mortgage get mortgage that for for ideas a a a a play a play how previous next for in a rss get ...
- How To Qualify For a 203k Loan | 203k Loan and Renovation ...
Mar 14, 2012... of the property you are looking to buy is done, which means your Loan Originator can not give you an exact prequalified loan amount upfront.
- 1 day Approval
HomeVeterans LoansWho We AreHow to get PreQualifiedLoan ProgramsCredit ScoresBefore you BuyConstruction Loans ...
- SBA Loans - Loan Prequalification Program
Step 5: The applicant "shops" the prequalified loan to lenders interested in making SBA guaranteed loans - often with the intermediary's assistance.
- Amstar Mortgage Network - Prequalify
Additionally, an incorrect prequalified loan amount may lead you to look for too little, or too much house, both of which lead to lost time, and potentially a ...