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. The lender will also advise you of your buying power, i.e. maximum sales price with % down payment and maximum monthly payment.

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. 

Why Get Pre-Approval?

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. 

 

Some of our recommended lenders by our clients:

Our Recommended Lenders (Call me, we have more.) 

Aaron Peters or David Baca 
Guaranteed Rate Affinity 
Aaron 301.820.4501  
David 410.302.3620 
 
Larry Roussil 
Southern Trust Mortgage 
410.991.4664  
 
Rob Schurr 
First Home Mortgage 
410.703.2651  


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