With prequalification,a buyer can ____________.
A)always negotiate a price lower than the quoted price on the property
B)set right in advance any problems on his credit report
C)get a comprehensive list of all the suitable properties in a locality
D)bargain for additional time in a property deal for the want of funds

Question

With prequalification,a buyer can ____________. ​
A)always negotiate a price lower than the quoted price on the property
B)set right in advance any problems on his credit report
C)get a comprehensive list of all the suitable properties in a locality
D)bargain for additional time in a property deal for the want of funds

Quizplus · Accepted Answer

With prequalification, a buyer can set right in advance any problems on his credit report. Prequalification is a process where a lender evaluates a borrower's creditworthiness before approving a loan. This helps the borrower to understand their financial position and address any issues that may affect their ability to obtain a favorable loan. However, prequalification does not guarantee a lower price on the quoted property, a comprehensive list of suitable properties, or additional time to complete a property deal for the want of funds.

With Prequalification,a Buyer Can ____________. ​

With Prequalification,a Buyer Can ____________.