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Pre-qualification for a mortgage is achieved by determining the price range of the home you wish to purchase, having a reasonable down payment for the loan in mind, and making sure to have all of your personal identification readily available when filling out an application for a mortgage loan. You can also call your banking institution and ask for a consultation with a mortgage loan representative.

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Q: How does one prequalify for a mortgage?
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Related questions

Where can one get a new home mortgage?

You can go online to Wells Fargo and Chase for a New Home Mortgage. You can even go to their websites and prequalify. Texas Lending also has on their website a place to apply for a New Home Mortgage.


Which prequalify loan allow you to apply online with very little credit or for someone who is self employed?

First Equity Mortgage is a prequalify loan allow you to apply online with very little credit or for someone who is self employeed. You can get more information at www.firstequitymortgage.net


How many loans does Vanderbilt Mortgage currently service?

Vanderbilt Mortgage is a great mortgage company that have been in business for over 30 years. They currently service approximately 250,000 loans. If you are interested in securing a home loan with them they can prequalify you on their site in under 3 minutes.


How does one prequalify for a home loan?

To prequalify for a home loan, one must first arrange to meet with their personal banker. Then, they must provide the bank with their overall financial records to determine if they qualify for a home loan.


How does one get a home loan prequalification?

Most banks can prequalify people for home loans if the person getting the loan has used the bank for awhile. This is necessary so the bank has the basic financial information needed to prequalify someone.


Does Bank of America offer mortgage applications online?

Yes, in addition to visiting any local Bank of America branch to fill out a mortgage application, you can also visit them on the Internet at www.bankofamerica.com to apply for a mortgage, as well as other types of loans, such as a home-equity loan, auto loan, or credit card. The online mortgage application pertains to both purchases and refinances. Based on the information you provide, you may prequalify for a loan. The bank will provide you with a customized interest rate, which you can lock into by calling them on the phone.


How can one get cash out of a home mortgage?

One can get a cash out on the mortgage on their home when one plans to refinance. The refinanced mortgage is higher than the original mortgage, so one is able to keep the leftover cash.


Where can one get a home mortgage if one has bad credit?

One can get a home mortgage if one has bad credit from several different places. Some of the places that one can get a home mortgage with bad credit are: banks, and mortgage companies.


Where might one find mortgage companies?

There are many places where one might find mortgage companies. One might find mortgage companies at popular on the web sources such as My Mortgage and 123 Mortgages.


Where can one apply for a consolidation mortgage loan?

One can apply for a consolidation mortgage loan through the following websites: Quicken Loans, Chase Mortgage, and American Equity Mortgage. All three of these companies will help one with a consolidation mortgage loan.


What is the definition of 'senior mortgage'?

A 'senior mortgage' is the first mortgage placed on a property. If one re-mortgages one's house, then that becomes known as a 'junior mortgage'. Payment of a senior mortgage always takes precedence over payment of a junior mortgage.


Where can one buy a direct mortgage from?

There are many places where one can buy a direct mortgage. One can buy a direct mortgage from popular on the web sources such as Capital One and Chase.