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I can help you get pre-qualified and on your way to home ownership! The prequalification letter will let you know the amount of loan you may qualify for based upon your current financial situation. Simply fill out the mortgage prequalification form securely on our website. With a prequalification letter in hand, you know that you may get approved for a mortgage before you even look at your first potential new home.

Some realtors require buyers to get a pre-approval letter before even starting to house hunt. A mortgage preapproval letter requires you providing current documentation to support your statements about your financial condition. A pre- approval letter attached to an offer to buy a home can help the seller have confidence you can get funding on the loan and close on the sale of the home.

There is a difference between a prequalification and a preapproval letter from a lender. We can do both.

Knowledge is power……Ask me.

Determine how your credit looks.

Lenders will look at your payment history, income, and current debts to determine how likely you are to pay your loan each month. The number value assigned to your “reliability” is known as your credit score and is one of the biggest factors in getting approved for a mortgage.

There are many websites that allow you to quickly check your credit & credit score for free. Two of our favorites are www.freecreditreport.com and www.creditkarma.com.

If you have a credit score below 640, consider delving deeper into your report to make sure it is accurate. Stay current with all monthly payments and reduce debt where possible to boost your score.

Talk to me about your financial history, goals, and the path to buy a home or refinance seven days a week. Call 775 400-6608 or email directly ndavison@nexamortgage.com.

 

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