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California Real Estate Practice (Chapter 9 - Loan Qualifying) When a potential buyer approaches a lender prior to looking for a house, in order to obtain a promise of a loan up to a certain amount, this is known as: a Prequalification b Predetermination d Prepayment 1 C A buyer who would like to be preapproved will go directly to a lender and submit a loan application
When a potential buyer approaches a lender prior to looking for a house . . . When a potential buyer approaches a lender prior to looking for a house, in order to obtain a promise of a loan up to a certain amount, this is known as preapproval Preapproval gives the buyer an advantage in the competitive housing market by showing sellers that they have the financial means to close the deal brainly com question 32166357
Real Estate 84 ch09 quiz - 1 out of 1 points When a potential buyer . . . 1 out of 1 points When a potential buyer approaches a lender prior to looking for a house, in order to obtain a promise of a loan up to a certain amount, this is known as: Selected Answer: c preapproval Answers: a prequalification b predetermination c preapproval d prepayment
How to Get Pre-Qualified for a Home Loan - Zillow A mortgage pre-qualification is the process where a lender reviews your self-reported income, debts and credit to determine an approximate loan amount you may be able to borrow To pre-qualify for a mortgage means you meet a lender’s general guidelines based on the information you provide
Lesson 9: Loan Qualifying Flashcards | Quizlet Study with Quizlet and memorize flashcards containing terms like When a potential buyer approaches a lender prior to looking for a house, in order to obtain a promise of a loan up to a certain amount, he is seeking:, A buyer may find it useful to have a preapproval letter because it:, A fee charged by a lender to reserve a particular interest
How to Prequalify for a Home Loan as a First-Time Buyer | 2025 Loan prequalification is the first step in the mortgage process, where a lender provides a ballpark estimate of how much house you can afford Mortgage prequalification is typically quick and
Chapter 9: Loan Qualifying Quiz Flashcards - Cram. com A buyer who would like to be preapproved will go directly to a lender and submit a loan application Prequalification, by contrast, can be performed by a real estate agent and is merely a determination of an appropriate price range Which of the following would a lender consider an acceptable secondary income source?
REST 80 : Real Estate Principles - Chabot College - Course Hero Question 1 1 out of 1 points When a potential buyer approaches a lender prior to looking for a house, in order to obtain a promise of a loan up to a certain amount, this is known as: Selected Answer: c preapproval Answers: a prequalificati on b predet