Need A Pre-Qualification Letter For New Home Purchase? We Can Help!
Dave Johnson and his team can make quick work of an accurate prequalification for mortgage for you! Simply click on our Apply Online link and follow the steps. We will reach out and explain the next step once we receive your request, if we haven’t already. With your prequalification letter in hand, you will know what you may get approved for before you start looking a new home. By taking the time now, you will have more confidence as you go through the purchase process.
Some realtors require buyers to provide a prequalification for mortgage before showing homes. A simple mortgage prequalification letter can help you narrow your search to find the home you need. It also makes the mortgage application process smoother and less stressful for you.
A Prequalification For Mortgage Requires Little Work Buts Worth It!
If you know EXACTLY what your credit scores are with all 3-credit bureaus, then you are more loan ready than most! If you aren’t sure exactly what your credit scores are and haven’t checked them in a while; go to www.freecreditreport.com or www.creditkarma.com. You can access your credit report for free or we can help analyze your credit for you.
You can also go directly to the three major credit reporting agencies (Transunion, Equifax, Experian). Regardless of where or how you get your credit report, obtaining a credit report once year will help you analyze your financial situation. With your credit report, you can begin to analyze the reported data driving your credit scores. It will also help you understand what your credit scores are and what can be done to raise them if needed.
In addition, you can also start to analyze the total liabilities versus your monthly income. Understanding your debt-to-income allows you to identify what programs you may qualify for. It’s imperative that you understand how your current liabilities on credit affects your credit scores and determines how much home you can afford.