Buyers
Pre-Qualification

Pre-Qualification

At the beginning of your home buying experience, it’s best to have a solid idea of the price range you can afford. The best way to do this is to visit a lender to get pre-qualified for a mortgage loan.

This is an informal process that involves sharing minimal information with the lender about monthly income and any assets and/or debts you may have, including savings or a car, in order to assess how much money you could realistically borrow.

The pre-qualification process is free of charge to the consumer and allows you to discuss with your lender any goals or needs you may have regarding your mortgage. He or she can then explain your mortgage options to you while recommending a loan type that would be best suited for your situation.

Jan can help you get started with pre-qualification.

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