Why Get Pre-Qualified?

1. Getting qualified before you apply for a loan can help you understand how much you can borrow. When buying a home, you may be pre-qualified or pre-approved. You can be pre-qualified over the phone or on the Internet in a few minutes. The Mortgage lender will use details about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The process is quick and free
2. Know exactly what you can afford and save you time by looking at properties that are in your price range.
3. Sellers want to know you are qualifed to purchase their property. Most sellers will not accept an offer without at leaset a pre-approval letter, so if you are serious about buying, this is the first step towards getting you in your new home.