pre-qualify

Definition of "pre-qualify"
  1. An informal process by which a lender calculates the highest loan amount a person can borrow
How to use "pre-qualify" in a sentence
  1. I needed to pre-qualify for a loan before touring houses.
  2. A home buyer should speak with a lender to pre-qualify for a mortgage.
  3. It's often recommended for car shoppers to pre-qualify for a loan to understand their budget.
Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z