Take advantage of loan prequalification

A number of factors determine the price range of homes you’ll want to preview – one of these factors is loan pre-qualification.

  • Know how much house you can afford.
  • Know how much cash you will need for the down payment.
  • Simplifies pre-approval.

Items considered when pre-qualifying for a mortgage loan include:

  • Employment history
  • Credit history and scores
  • Monthly income and expenses

 

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