Mortgage Prequalification

It’s necessary to get a mortgage prequalification before you start looking for your first home. Nationwide Mortgage can help you through it step by step.

It’s extremely helpful to know that you may get approved for a mortgage before even looking for that perfect home to buy. Nationwide Mortgage Bankers Inc. can help you get pre-qualified by filling out our prequalification form directly on our secure website.

Prequalification for a mortgage for most realtors is a must when searching for a new home to buy. Knowing what will fit your budget can help you narrow your search to find that perfect home. It also makes for a smoother and faster mortgage application process.  

Taking a look at your credit.

Lenders will look at key points of your financial history like income, payment history, current debt and credit score to determine your credit worthiness and responsibility.  Assessing your credit score is one of the biggest factors in getting an approval for a mortgage.

You can check your credit score for free from many secure websites. Two trusted websites we recommend are www.creditkarma.com and www.freecreditreport.com.

Remember to stay current on all monthly revolving debt and existing loans. If your credit score below 640, consider looking deeper into your report to make sure it is accurate. Paying down debt is a great way to boost your score as well.

Talk to an expert at Nationwide Mortgage Bankers Inc. about your financial history, goals, and the path to buy a home.