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Mortgage Loan Glossary

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Q

Qualification

When you get mortgage loan 'qualification,' it means you can get the mortgage loan you applied for - for sure!

Qualification requirements

In order to get home mortgage loan qualification with most mortgage loan brokerages, you'll need at least one of the following:

  • Down payment
  • Verifiable income
  • Good credit
  • Equity in property

And to get commercial mortgage loan qualification with most mortgage loan brokerages, you'll need at least one of the following:

  • Down payment
  • Verifiable income
  • Good credit
  • Equity in property
  • Purchase property income

Quote

See mortgage loan quote.

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