A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

A mortgage pre-qualification is an initial estimate of what type and size of mortgage a borrower could get. It is limited, though, because it's only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit. The Initial Loan Pre-Qualification To get pre-qualified, a borrower starts by finding a lender. Typically, he will give the lender basic information on his ability to borrow. This includes his income, how much money he has in the bank, his current…
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