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) 364-4664 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.
