Getting Prequalified
If you want to buy, it makes sense to find
out how much you can borrow. If you get qualified or apply for a loan,
you'll know how much you can afford, you'll strengthen your position as
a buyer, and you'll have a basis to compare different loans and make the
best choice for you, which may mean tremendous savings over the life of
the loan. It also makes sense to secure a lender's commitment as soon as
you know that you want to buy - especially in a hot market, when houses
are selling fast.
Find out how
much you can really afford. You may be able to afford more than you
thought, and you'll know what all your costs will be so you can stay
within your budget.
Make yourself a stronger buyer. You have an
advantage as a qualified buyer, because the seller knows you can get the
loan and close the deal, they will consider your offer more seriously.
Call (800) 554-0021 and receive a free
qualification letter. The letter confirms that, based on a preliminary
review, you're eligible to qualify for a specific loan amount and terms.
It does not commit you to a specific lender. Your real estate agent can
usually recommend a lender based on your loan requirements.