Get Pre-qualified for a Mortgage

It’s a good idea to get prequalified for your mortgage before shopping for a home. Prequalification involves supplying a lender with basic information regarding your debt, income and assets. From this information, lenders can get an idea of the mortgage amount for which you qualify, and it can usually be done at no cost.

Being prequalified will allow you to narrow the range of homes in which you are interested, as it’s another way of knowing what you can afford. It can also help you act fast if a home you’re interested in has a lot of interest. Prequalification shows you are a serious shopper, and your offer will be taken more seriously than an offer from someone who has not spoken with a lender.

The initial pre-qualification stage also allows you to discuss with your lender any goals or needs you may have regarding your mortgage. He or she can then explain your mortgage options and recommend the type that might be best suited to your particular requirements. This is also a good time to find out what documentation the lender will need to secure the mortgage.

To get Pre-qualified or optain a home loan please contact:

Ron Andrusiak with National Home Lending www.easyhomeapplication.com or call him direct at 734-612-9114

Ron is a Senior Loan Officer & Vice President of National Home Lending. He is a Loan Officer that has helped several of my clients obtain their mortgages.