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olga2289 [7]
3 years ago
8

​Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson's Mortgagers Inc. to arra

nge for the financing needed for their home. Jane and Smith have made use of _____ in the purchase of their home
Business
1 answer:
dmitriy555 [2]3 years ago
5 0

Answer:

prequalification

Explanation:

<em>Prequalification</em> is used as an initial assessment of the applicant's ability to access a loan. Prequalification is used in a mortgage process, to give people who run the loan a general idea of ​​how much a person can borrow and for what type of loan terms they could qualify.

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