What does prequalified home loan means?
Prequalification begins the applying. The loan provider assesses your credit score, capability to pay, and you learn how big and what interest rate you’ll be eligible for. It only takes a small amount of your precious time, so you should get prequalified before you start looking for houses.
Get Prequalified, Get Ready To Move In.
- You’ll know what budget range you can afford
- You’ll be able to make an offer as soon as you find a home that suits your requirements.
- You’ll recognize prospective credit score or other problems right in the beginning.
- You’ll have more discussing power because house sellers will know you’re prepared to buy.
- If you’re self-employed or earn through percentage, prequalification reveals you have budgets.
- It gives sellers confidence to work faster with you if you’re a first-time home buyer.
- Above of them all, Lending Group Company provides prequalification loans at no cost.