Why Get Pre-Qualified?
1. Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.
2. While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.
3. These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.
I recommend three lenders who have been in the market for many years, having a tremendous amount of experience and broker many financial instruments for the many different situations.
Many times they make possible that if which might seem impossible solutions that are naturally woven into our financial fabric as buyers and sellers. It is also important to me that they provide the same customer service and consistent communication that I represent as a real estate agent.
With these lenders no question or concern is unimportant or relevant, you matter, this matters.
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