Pre-Qualification

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Prequalification

The 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.

Pre-Qualification

Same as Qualification.
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New York State Energy Research and Development Authority (NYSERDA) is accepting applications from vendors of packaged Combined Heat and Power (CHP) systems in order to pre-qualify systems that will be eligible for incentives under PON 2568 - CHP Acceleration Program.
Buyer need not have education background but must pre-qualify w/listing Broker & undergo interview, training & final Franchsior approval.
3Com, Creative Labs, and similar companies with strong aftermarket brand recognition will have an advantage at this stage of the market; however, in order for an end user to purchase an ADSL modem, he or she must still be able to pre-qualify for service.
The client) didn't know how to pre-qualify the proper candidate for that position so, in effect, it actually, cost that company a great deal of money.
Lenders offer to pre-qualify buyers, which has some distinct advantages.
The Crestar Mortgage Connection enables realtors and builders to pre-qualify their clients for home purchases by completing a short form and faxing it to Crestar.
Leveraging its BLC 6000 product line the solution enables telecommunications operators to pre-qualify, provision, baseline and troubleshoot copper lines for both narrowband and broadband services, including POTS, IPTV and advanced triple-play services over copper loops.
The scope of this RFQ is to evaluate and rank firms seeking to pre-qualify as a Prime Contractor to bid the construction of the St.
Great Western officials said people pre-qualify for a GW loan when they meet a partial set of criteria, and are approved only when they meet the full set of qualifications.
Many mortgage lenders pre-qualify potential homebuyers for mortgage loans," said Mike Garmone, vice president and manager, Society Mortgage Company, "but they still must go through the entire time-consuming mortgage loan process once they find a house.
The GQ Pricing and Pre-qualification engine provides a user-friendly and simple way for brokers to quickly pre-qualify and price loans for potential borrowers, further boosting their efficiency and productivity.
and PLANSPONSOR today announced a joint venture to pre-qualify financial professionals to act as Fiduciary Advisers and to provide the due diligence and documentation required by the Pension Protection Act of 2006 (PPA).