Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Mortgage Pre-Qualification

Posted on: 02nd Apr, 2012 03:51 am
The key reason why pre-qualification does not take enough time because loan companies don't go much deeper in verifying the information you presented. There's no underwriting process involved, no background inspections, with no resource verifications. Should you haven't decided which loan provider to choose, pre-qualification may also be advisable. You may also get pre-qualified over the telephone or on the internet. The pre-qualification letter could be mailed, faxed or reflected online. You don't have to wait for day or even more just to be aware what you may afford. After you have pre-qualified, now you can just search for a home making offers. However, experts agree that pre-approval puts you inside a more powerful position to bid for houses in hot market because this marks the start of the mortgage application. Pre-qualification just is nice when you'd like to learn what you could afford and when you're out shopping permanently rates.
Hi pratikjajalstp!

Welcome to forums!

To know all about pre-qualification and pre-approval, check out the given page: .

Feel free to ask if you've further queries.

Posted on: 02nd Apr, 2012 08:02 pm
Welcome pratikjajalstp,

To know what factors are considered for pre-qualification, you can check out the given page: .
Posted on: 03rd Apr, 2012 09:14 pm
Page loaded in 0.104 seconds.