| Real Estate Terms -> What are Home Loan Pre-Qualifications |
Home Loan Pre-Qualifications
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What is a Home Loan Pre-Qualification? |
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Having a loan officer run your credit report and analyze your income and debts to determine how much of a home you can qualify to buy is a Pre-Qualification. This is only a guide or estimate, but if the loan officer is good, it will be very close to the final loan approval. |
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Disclaimer:
Do not rely on these definitions for any purpose other than providing an understanding of the concepts in our web site. More... |
