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PRE-QUALIFICATION
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usually refers to the loan officer's written opinion of the
ability of a borrower to qualify for a home loan, after the
loan officer has made inquiries about debt, income, and
savings. The information provided to the loan officer may
have been presented verbally or in the form of
documentation, and the loan officer may or may not have
reviewed a credit report on the borrower. |
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BACK TO GLOSSARY |
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Simplicity
Mortgage - 6180
E. State Street, Suite #5 - Rockford, IL.
61108
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