If You are starting your home journey – Mortgage Pre-Qualification is a good first step.
If you’re ready to make your dream of owning a home a reality, then a mortgage pre-qualification is a quick and simple process. Find out how much you could borrow and what your estimated rate and monthly payment would be before you start house hunting.
What is a Pre-qualification?
A mortgage pre-qualification is typically an informed process that relies on self-reporting basic information to the bank, including your income, assets, debt and potential down payment. Based on the information you provided, you'll receive an estimate of how much you can afford to pay for your new home.
You can narrow down your home search to those that fit into your budget and you will be able to confidently put in an offer backed by your pre-qualification letter.
Also, since there is no hard credit record inquiry involved, your credit score will not be affected.
How do you prepare for a pre-qualification
Before you begin the process, take a few moments to gather information on your earnings, debts, assets and any other information that will help give us an overall picture of your financial situation. Determine how much cash you have saved available for your down payment and closing costs.
Define your priorities and preferences in term of neighborhood, a key step before buying your dream house. Lusitania offers special affordable home loan solutions for properties located in certain geographic areas.
Know your options. Discover the Lusitania difference from figuring out what you can afford to getting the keys.
Our lending professionals are here to help with each step so you can focus on finding the right house.
GET STARTED TODAY!
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(973) 344-5125, ext 128
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