Is the preliminary assessment a lender does on a buyer`s ability to pay for a home and an estimate on how much the buyer can borrow.
Found on
http://www.encyclo.co.uk/local/20965
Is an informal assessment of the creditworthiness of a potential borrower. Often it is a quick view of income versus existing obligations and expected obligations. For real estate transactions, it estimates the prospect's potential borrowing and buying capacity.
Found on
http://www.oasismanagement.com/glossary/
No exact match found.
