|
Discovering Homeownership:
Is Homeownership For You?
| Why Own a Home? | Financial
Considerations | Pre-qualify for a Mortgage
Pre-Qualifying For a Mortgage
If you think homeownership is for you, you should consider pre-qualifying
for a mortgage.
Pre-Qualifying lets you:
| • |
Know how much you can borrow |
| • |
Confirm your credit, income, and employment history. This
information will give you the ability to qualify for a mortgage. |
| • |
Allows you to deal with your seller from a stronger position.
Seller are more likely to accept an offer from a buyer that
has been pre-qualified. |
Be prepared to provide your lender with verification of income
and employment. Upon completion ask for a pre-qualification
letter. This letter will notify your Realtor and home
seller that you have the ability to qualify for a certain mortgage
amount.
Section 2: Learning
About Credit and Income
Is Homeownership For You?
| Why Own a Home? | Financial
Considerations | Pre-qualify for a Mortgage
|
