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What is Pre-Qualification?

If you’ve started your research on the home-buying process, chances are you’ve seen the term “pre-qualified”. A pre-qualification is an estimate based on self-reported information that you provide the lender. Your lender can then give you a general idea of how much of a mortgage you will be able to get. Getting pre-qualified is an important step that can help kick-start the buying process.

When should I get pre-qualified?

As soon as you start entertaining the idea of buying a house! Even if it’s a couple years out, getting pre-qualified provides insight into what kind of loan you’ll be able to get. This will also help start a conversation with your mortgage officer, who can walk you through the rest of the lending process. 

 

How do I get started?

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