Why Get Pre-Qualified?
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 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.
3. These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.
Ethan Lane, Loan Officer
Mortgage Network, Inc.
Mortgage Network is one of the largest independent mortgage companies in the country, with branches located in high end markets along the East Coast. We originate, underwrite, and fund our loans in-house which allows for a smooth process from pre-qualification to closing.
Whether you're in the market for a new home or would simply like more information about the mortgage process, I'm ready to show you the Mortgage Network difference through both a small company feel and large company results.
At Mortgage Network, we take the stress and hassle out of the pre-qualification process. Shop with confidence, knowing your precise price range and that we are ready to move forward the minute your offer is accepted.