| 释义 |
prequalify
prequalify (priːˈkwɒlɪˌfaɪ) vb (intr) , -fies, -fying or -fiedto qualify beforehand (e.g. for a preliminary stage or shortlist)pre•qual•i•fy (priˈkwɒl əˌfaɪ)
v.i., v.t. -fied, -fy•ing. to qualify in advance, as for a sporting event. [1970–75] pre•qual`i•fi•ca′tion, n.
prequalify
PrequalificationThe act or process of determining the approximate amount a borrower will be able to borrow before he/she actually applies for a loan. Prequalification looks at the borrower's current income and debt to make this determination. Prequalification is most common with mortgages. Because the borrower has not applied for the loan, it is not a guarantee of approval, but is rather an estimation. See also: Pre-approval.prequalifyTo estimate the most expensive home a borrower can afford to buy with the assets, income,and expected loan amount and terms for which the borrower might be eligible. |