👉 Prequalification is a process where a potential buyer or seller seeks to qualify for a loan, mortgage, or other financial product based on certain criteria. It involves reviewing the buyer's credit history and income to ensure that they meet the required standards before granting them access to the product. The term "prequalification" is often used in finance to refer to the process of determining whether a potential borrower meets the requirements for a particular loan, mortgage, or other financial product. This can be done through various methods
