Moneymutual Reviews

Prequalification Checklist for a true home Loan

Prequalification Checklist for a true home Loan

Ready to purchase your next home? As a prospective homebuyer — or as an agent you know what you need to qualify for a home loan— you want to make sure. To be able to prepare for this step that is huge let me reveal a mortgage prequalification checklist.

What Exactly Is Prequalification, Exactly?

First, it is critical to note that pre-qualification can be a beneficial first step in your home buying process, though it’s not required. If you are looking to get home financing, you will want to get pre-qualified by a reputable lender first. This is an process that is easy but it’s important to remember it isn’t the same as being pre-approved for a mortgage — while some lenders may use these terms interchangeably. Read More