Mortgage pre-qualification is an informal evaluation of your creditworthiness and how much you can afford to pay on a home. The pre-qualificaton process indicates whether you meet the minimum requirements for a loan and how big that loan may be. Pre-qualification is an important step for those who aren’t sure whether they’re financially ready for homeownership.
To get pre-qualified, you tell the lender some basic information about your credit, debt, income, and assets, and the lender tells you how much you may be able to borrow.
A Mortgage Loan Application is the formal process of evaluating your creditworthiness and determining how much you can afford to pay on a home. This application is very detailed and asks the borrower for information like expenses, income, liabiliteis, and assets.
This application is designed to help you along the way and is easy to fill out and use. Our knowledgeable support team will work with you as much as you need and will answer your questions along the way.
