why get prequalified for a home loan

Getting prequalified for your home is a very good idea. It’s a simple, initial step you can take before starting the formal loan process. It’s not required, but it will save you a lot of time and hassle once you’re ready to buy and start looking for a home.

By Ryan Jackson. Real estate agents push their clients to get prequalified for a home loan all the time and in today’s tough economy and tight credit market if you are seriously considering the purchase of a home you should follow your agent’s advice, since getting preapproved for a home mortgage can save you lots of headaches in the future.

You’ve probably heard that you should pre-qualify or get pre-approved for a mortgage if you’re looking to buy property. These are two key steps in the mortgage-application process. Some people.

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Why Should I Get Prequalified for a Mortgage Loan? If you’ve been thinking about buying home, you may be wondering when the right time is to begin seriously exploring your financing options. Should you start now, or wait until you’ve found and made an offer on a home?

If buying a home is in your sights, you don’t want anything to hold you back. That’s why it’s so important to pre-qualify for a mortgage as. With a SoFi mortgage, you can secure your personalized.

A self-owned home. get the pre-approval, and discuss the type of settlement you would be eligible for given your salary, investments, tax returns, debts, credit score, etc. How does a letter of pre.

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Get RateShield Approval after speaking with a Home Loan Expert and lock your interest rate for up to 90 days. If rates go up, your rate stays the same. If rates go down, your rate may drop. Either way, you win! 1; Ready to get approved so you can go house hunting? Start online or call a Home Loan Expert at (800) 251-9080.

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Shopping for a home loan means getting your. Also, FICO scores will ignore any hard mortgage inquiries in the 30 days prior to your scoring, so if you go to a second lender a week after getting pre.