preapproval

What Is The Meaning Of Pre Qualification?

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What Is The Meaning Of Pre Qualification? Prequalification means the creditor has done at least a basic review of your creditworthiness to determine if you’re likely to qualify for a loan or credit card. Consumers initiate this process when they submit a prequalification application for a loan or card. What does pre qualified mean for

Does It Cost Money To Get Pre Approved For A Mortgage?

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Does It Cost Money To Get Pre Approved For A Mortgage? Does it cost money to get pre approved for a mortgage? Prequalification is generally a quick, free process where a bank takes your financial information and lets you know generally what your loan will look like. Preapproval is actually a follow-up process that is