Prequalification provides estimates of required down payment and closing costs of different types of mortgages. It identifies in advance any problems such as:

The correct answer is A. Credit report errors. See the full explanation below for the reasoning.

Investment Management

Question

Options

ACredit report errors
BBargaining power with the seller of a house
CMortgage loans
DEarnest money deposit

How the community answered

(46 responses)

A
85% (39)
B
9% (4)
C
2% (1)
D
4% (2)

Topics

#prequalification benefits#credit report errors#mortgage process#home buying

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