Getting pre-qualified for a mortgage allows you to shop for a new home with confidence. It can help you narrow your home search to only those that fit your loan amount need. And it demonstrates to sellers and Realtors® that you are serious about purchasing a home.
Do your research
Get an idea of the kind of loan you might want. Use an online affordability calculator to determine how much you should spend on a home.
- Conventional fixed-rate mortgage
- Conventional adjustable-rate mortgage
- VA fixed-rate mortgages, if you qualify
- Jumbo mortgages, if applicable
Gather your paperwork
Having your most up-to-date documents on hand will help the process go smoothly.
Some of the documents you might need are:
- Pay stubs
- W-2 information
- Tax returns (particularly if you are self-employed)
- Bank statements
- Information on other assets (retirement or mutual funds, stocks, etc.)
Contact a Professional
If you need a reference for a mortgage broker, please check out my resources page for a number of great options!
Feel free to reach out to one of my preferred Mortgage Brokers from my Mortgage Resources blog page.