May 19 , 2016

Tampa School of Real Estate

Qualification

Definition:   the process of reviewing a prospective borrower’s credit and payment capacity before approving a loan

Pronunciation:   \ˌkwä-lə-fə-ˈkā-shən\

Used in a Sentence:   It is smart to get a qualification from a lender before looking for a house so you know what you can afford to spend.

Q