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Prequalification Checklist for a true home Loan

Prequalification Checklist for a true home Loan

Willing to buy your next home? As a prospective homebuyer — or as an agent — you want to be sure you understand what you will need to qualify for a mortgage. To be able to prepare for this step that is huge the following is a mortgage prequalification checklist.

What Exactly Is Prequalification, Exactly?

First, it is critical to remember that pre-qualification could be a good initial step in your home buying process, though it is not required. If you should be looking to get home financing, it is in addition crucial to get pre-qualified by a lender that is reputable. This might be an process that is easy but it is important to keep in mind it’s not exactly like being pre-approved for a mortgage — while some lenders may use these terms interchangeably. Continue reading Prequalification Checklist for a true home Loan