Why Get Pre-Qualified Prior to Finding a Home?   This is only a general qualification.

1. Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate (only a rough estimate really) of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.

2. While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.  It's only a start in the home buying process.

But, here's the important reason you should get "Pre-Approved."   There is a difference every prospective homeowner should understand.

These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying "Pre-Approval" is the first step towards getting you in your new home.   A seller will prefer an offer with a Pre-Approval letter from a lending institution.

Again, Pre-qualification is not the same as mortgage Pre-approval.

Pre-qualification and home loan Pre -Approval are totally different!  Pre-qualification is a general confirmation that you meet basic requirements to receive a loan. No personal information or documentation is needed.  Pre-approval is when your creditworthiness is verified  using documentation provided.   The second is a longer, more reliable process. 

FINALLY:  PLEASE ASK US MORE QUESTIONS OR IMPORTANT QUESTIONS AS THEY ARISE.    WE CAN GET YOU IN TOUCH WITH JUST THE RIGHT MORTGAGE LENDER AND FAST.  Think about this:  what if you are trying to place an offer on the weekend and need some documentation quickly, we can help!!!!

That beautiful home might only be steps away for you and your family.