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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References in periodicals archive ?
IAR Systems also provides a total solution for Bluetooth protocol stacks and applications, from development of Bluetooth devices to qualification, using IAR PreQual.
The ERM system drives greater agility and flexibility around Homefield's prequal and pricing solution.
PreQual Document Purchase 13-08-2014 23:59 19-08-2014 12:00
A provider of supplier management software, Prequal Group, serves the Middle East from its base in Baku, Azerbaijan.
PRIMUS Canada is initially deploying the Brix VoIP PreQual Application as part of its recently introduced, free web portal -- My TalkBroadband (mytbb.
New Brix VoIP PreQual Application Lets Service Providers Test If A Prospect's Broadband Connection Can Support VoIP
IAR Embedded Workbench, visualSTATE, and PreQual are trademarks of IAR Systems.
IAR Embedded Workbench, IAR C-SPY, IAR MakeApp, IAR visualSTATE and IAR PreQual are trademarks owned by IAR Systems.
Under this agreement, IAR takes on the development of Bluetooth PreQual, Telelogic's market-leading product for testing of the software in Bluetooth applications.
Bluetooth PreQual Helps Developers to Get Fast Approval
0 includes a new Self Employed Income Analysis feature, new processing capabilities, improved ability to better manage processing logs, a new quick prequal and financial calculator and the ability to add a user's company logos to forms.