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 will fit your budget. The whole process may take only minutes or a few hours at most, and is free.
2. These days most sellers will NOT accept an offer without at least a pre-qualification letter, so if you are serious about buying, this is the first step toward getting you in your new home.
I can recommend several lenders who can assist you in getting pre-qualified. Based on your situation, different lenders may provide different options, so it's good to know who can best assist you.