This is the first step in the mortgage process prior to a lender pre-approval.
A pre-qualification offers home buyers (you) an estimate or range of the maximum purchase price you can afford to borrow.
Pre-qualification also helps Mortgage professionals to review your information for an initial assessment as well as identify potential areas for improving your purchase power before submitting it to a lender.. ie for example a mortgage professional can suggest special down payment programs, or suggest to lower your unsecured debt, or suggest ways to improve your credit score.
How long does it take?
This is a really quick process and it can be done in less a minute.
How much do I have to pay?
I's FREE and there's no obligation.