Question

Select the correct answer from each drop-down menu.

Fill in the correct terms to complete the description of Mischa going through the home-buying process 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.

A.real estate agent
B.lender
C.closeing company
D.title company

a.eligible
b.wait listed
c.credit checked
d.prequalified ​

Answer 1

Mischa needs to find a lender to become prequalified for a mortgage. By doing so, Mischa will know how much she has to spend on a house.

Step-by-step explanation:

To become prequalified for a mortgage, a person should first find a lender. This involves researching and contacting banks, credit unions, or mortgage brokers. The lender will evaluate the individual's financial situation, including income, credit score, and debt, to estimate the loan amount they may qualify for.

In the case of Mischa, the prequalification process helps potential homebuyers understand their budget, making it easier to narrow down property options. It's an essential step in the homebuying process, providing a clearer picture of affordability and demonstrating to sellers that the buyer is a serious and qualified candidate when making an offer on a property.