← Back to glossary
Mortgage glossary
Pre-Qualification
An early estimate based mainly on information provided by the consumer, with limited or no verification. It can help start a conversation about possible options. It is not an approval, commitment, or guarantee of how much can be borrowed.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.