WHY GET PRE-QUALIFIED?
This is a great place to add a tagline.
1) Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use the 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 few hours at most, and is FREE.
2) While a “pre-qual” is not-binding to the lender (because the information you provide has not been verified) it does servea a good indication to potential sellers of your general creditworthiness.
3) These days most sellers will NOT accept an offer without atleast a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.