With prequalification, a buyer can:
A) negotiate a price lower than the quoted price on the property.
B) correct any problems on his or her credit report .
C) get a comprehensive list of all the suitable properties in a locality.
D) bargain for additional time in a property deal.
E) reduce the required down payment.

Question

Quizplus · Accepted Answer

Prequalification allows a buyer to understand their creditworthiness and address any issues on their credit report before applying for a mortgage.

With Prequalification, a Buyer Can