What is a pre-qualification?

Author
MyProperty
South Africa's #1 independent property portal

A pre-qualification is a basic review of your finances to determine if you would qualify for a mortgage.

In general, a pre-qualification is based on unverified information you provide and a credit check.

A pre-qualification can show sellers that you're serious about buying a home, and that you're likely to be able to follow through on a bid, and close on their property.