What Does It Mean To Be Pre-Qualified?
The mortgage pre-qualification process can be described as a more casual, estimated version of a mortgage pre-approval. To get pre-qualified, you would provide your general financials, including your income, assets and debt, to the prospective lender.
It’s important to note that the pre-qualification process does not require a credit check. A credit check is only required after you’ve applied for a home loan.
The lender will assess the information and provide you with an estimate on how much of a mortgage you can afford.
Pre-qualification is preliminary, and the mortgage amount the lender provides in this stage is subject to change.
A fast & easy process that takes about 60 seconds to find out what you may get approved for. This gives us a chance to discuss your options for the best rate.
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