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Pre-qualified typically means that a lender has done a basic review of your financial information and has determined that you meet the initial criteria for a loan. It is not a formal approval, but rather an indication that you may be eligible to borrow a certain amount.

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Q: What does Pre-Qualified mean?
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Where can we get more information on prequalified mortgage leads?

A prequalified mortgage lead is when you fill out a short questionaire, about your information on getting a loan, before you actually fill out the original application itself.


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