Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson’s Mortgagers Inc. to arrange for the financing needed for their home. This process of arranging with a mortgage lender in advance of buying a home is called _____.
The answer is prequalification. This is a process or
arranging with a mortgage lender in means of buying a home. It is an initial
step and an essential step of having to manage and organize the financial needs
that you need in order to buy a home.
