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Mischa wants to buy a home. She has looked at the housing market. Now she needs to find a__________ to become_______ for a mortgage. By doing so, Mischa will know how much she has to spend on a house

1.
A) Real Estate agent
B) Lender
C) Closing Company
D) Title Company

2.
A) Eligible
B) Waitlisted
C) Credit Checked
D) Prequalified

2 Answers

5 votes

its lender then prequalified just took the test

User David Limkys
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3 votes

The answer is: 1. Lender , 2. Prequalified

Lender refers to an individual or institution that are able to provide you with loan/credit. For mortgage, the lenders usually big financial institutions such as banks.

The term 'qualified' in this context refers to providing information regarding your financial condition to the lender. (the information could include your income, your debt, your total net worth, etc)

User Aero
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5.5k points