
Pre-Qualify for a Loan
Here is a Check List of some of the information you will need to Pre-Quality and get Pre-Approved for a home loan.
Pre-Qualifying for a loan allows you to have some extra negotiation power when you are buying a home. Pre-Qualifying does not guarantee you will get your loan because the lender does not verify the information. But it will give you some idea of the amount you can afford. If you want to be sure that your loan will be guaranteed you need to get Pre-Approved in that case the lender will verify the information you share with them. If you would like to check for yourself how much you may qualify for Click Here MORTGAGE CALCULATORS to use our Home Savings Mortgage Calculators
Here is some of the information your lender will ask for:
Credit Rating
Find out what your Credit Rating is: If your credit rating report has any errors in it be sure to fix them before applying for a home loan.
Property information
Address
Current value
Employment and income data
Monthly income including Commissions and Bonuses
W-2 tax forms
1040 tax forms if self-employed
Supplemental income (rental income, etc.)
Assets
Bank account statements
Investment account statements
Retirement account statements
Supplemental income (rental income, etc.)
Liabilities
Latest mortgage statement
Monthly debts (car loans, credit cards, etc.)