Definition
Pre-Qualification
An informal estimate based on unverified information. Carries little weight with sellers.
Nearby terms
Portfolio Loan
A loan a lender keeps on its own books rather than selling, allowing underwriting flexibility outside agency guidelines.
Pre-Approval
A lender's conditional commitment based on verified income, assets and credit.
Prepaid Interest
Interest from the closing date to the end of that month, collected at closing.
Prepayment Penalty
A charge for paying off a loan early.
Ready when you are
See your real numbers before you fall in love with a house.
Live rates, a full cost breakdown, and a pre-approval you can shop with. It takes a few minutes and it does not lock you into anything.
No fee · No obligation · Pre-approval typically under an hour · Call or text 24/7 · NMLS 2705737