Get easy to understand definitions for common mortgage terms from the Mortgage Insider. In our glossary, we define the word, tell you about in industry usage, and usually give an example so you can fully and easily understand not just the meaning but the function of the word.
Qualifying
Qualifying Defined
Qualifying or what is also know as “pre-qualifying” for a mortgage is when the borrower provides information about their income, assets, credit, debts, etc. to the mortgage originator so they can analyze all the information and decide if the borrower can be approved or not and for what program.
In the old days, mortgage originators [...]
