Mortgage Prequalification

Prequalification generally entails the review of the applicant's finances - income, debt, credit, etc. - and the issuance of a commitment for a mortgage. Prequalification is subject to the purchase of a home that meets certain conditions, the most important of which is a minimum valuation as established by an appraisal.

More Real Estate Related Terms

- Homeowner Insurance - Homeowner Warranty Sales - Hotel / Leisure - Industrial Sales / Leasing - Industry and Affiliated Codes

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