Pre-qualification
Credit scores & reportsAn early check that estimates your chance of approval, typically using a soft search.
Overview
Pre-qualification is similar to eligibility checking. It is useful for comparing offers without a hard search.
It is based on the information you provide and may not reflect final lender decisions.
Why it matters
- It helps you avoid unnecessary hard searches.
- It gives a quick view of likely offers.
- It can guide which products to apply for.
FAQs
Is pre-qualification the same as pre-approval?
They are similar. Both are early checks and are not final approval.
Will pre-qualification affect my score?
Most pre-qualification checks use soft searches and do not affect your score.
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