Everything You Need To Know About Loans
|  Loan Dictionary  |    |  

  Pre-Qualification Definition
Pre-Qualification A non-binding opinion by a loan officer to help you determine how much money you can afford to spend on a home by analyzing your income, debt and savings information. Unlike a pre-approval, a pre-qualification does not indicate that your credit is good enough to be approved for a loan, it just means that your income is substantial enough and the amount of debt that you disclosed to the loan officer is low enough that you are able to afford a home within a specific price range.
   
   
   


    Next Steps: Read Money Saving Loan Advice and Find Lenders with the LOWEST Loan Rates.
 
Mortgage Loans Home Refinancing Home Equity Loans Vehicle Loans Auto Refinancing



Home Loans & Car Loans Search

Home Refinancing | Home Mortgages | Home Equity Loans & Line of Credit | Auto & Motorcycle Loans | Auto Refinance Loans
Home - Loans | About EchoBay Loans | Loan Advice | SitemapCredit Report Help CenterDefinition Dictionary


Copyright© 2008, EchoBay Loans Company
Mortgage Refinancing Home Loans Home Equity Loans Auto & Motorcycle Loans Auto Refinancing Credit Reports