Prequalify For Your Home Mortgage

Being Prequalified Significantly Strengthens Your Negotiating Power When Buying A Home
You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to prequalify for a mortgage so you know exactly how much a financial institution would be willing to lend you and on what terms. Not only will it put your mind at ease, it will also cause a buyer to consider your offer ahead of another offer, perhaps even a better offer, from a buyer who isn't prequalified.
Make An Informed Home Buying Decision
In the prequalification process, you will find out:- Exactly how much home or land you can afford.
- How much cash you will need for the down payment.
- The minimum down payment, and advantages of higher down payments.
- What the bank feels you can afford for a monthly payment.