Best Place to Pre-Qualify for Mortgage
If you want to find the best place to pre-qualify for a mortgage than you should find this article very helpful. The start of the homebuying process should start with using an online mortgage pre-qualification and pre-approval app to issue pre-qualification and pre-approval letters with ease and accuracy.
Our online mortgage app will identify the lowest rate and fee pre-qualified or pre-approved mortgage within 3 minutes. This mortgage app compares multiple lenders loan offers to identify the best deal in the market for you.
In this article we will discuss why, EquiFund Mortgage's online mortgage app, out prices most mortgage lenders and why it is one of the best mortgage pre-qualification apps on the market.
The process of getting pre-qualified for a mortgage online is relatively simple when you follow these 5 steps. When you complete these five steps, you will be pre-qualified with the lowest rate and fee mortgage in our marketplace.
What determines the best place to get pre-qualified for a mortgage?
Getting a mortgage pre-qualification is a simple but important step in the homebuying process. The objective in getting a prequalification should also include identifying the lowest rate and fee mortgage loan.
EquiFund Mortgage offers an online mortgage prequalification in under 3 minutes, and identifies the lender with the lowest rates. When you identify the lowest rate loan, you can request a same-day pre-approval.
It is important to select a mortgage provider that delivers reliable and accurate pre-qualifications and pre-approvals.
To get the best mortgage pre-qualification means that the prequal must be reliable, accurate and offer the lowest interest rate and fee mortgage loan.
No credit pulls, spam calls or emails. Just stupid low rates.
Get Pre-Qualified or Try the Mortgage Calculator.
Factors to consider when searching for the Best Place to Pre-Qualify for a Mortgage:
- Accuracy and Reliability: Does the loan provider have over 20 years of experience?
- Competitive Loan Offers: Does the mortgage company offer multiple lenders loan programs and rates?
- Customer Reviews: Does the mortgage lender or broker have excellent reviews?
- Loan Officer Experience: Does the loan officer have verifiable experience?
Where to get pre-qualified for a home loan and why it matters.
When you get pre-qualified for a home loan using EquiFund Mortgage you will be able to shop and compare several loan offers at the same time. This time saving mortgage app will identify the lowest rate and fee mortgage loan while generating a mortgage prequalification letter.
The difference between an "Ok" rate mortgage and the lowest rate mortgage is equal to 10 percent more purchase power for the same payment as an "ok" rate loan.
EquiFund offers an online mortgage prequalification and mortgage preapproval service that only takes 3 minutes to get a prequalified letter.
Why is EquiFund Mortgage one of the best online mortgage pre-qual and pre-approval sites?
EquiFund Mortgage uses automation to remove human error. This automation issues accurate and reliable mortgage prequalification's.
The online mortgage app will simultaneously identify the lowest interest rate and fee mortgage loan from several National mortgage lenders in less than 3 minutes.
To remove the challenges homebuyers face to find the lowest cost mortgage and obtain a mortgage pre-qualification and mortgage pre-approval, EquiFund has created a simple online mortgage pre-qualification and pre-approval app.
Using automation, this app reduces the cost of mortgage lending to the consumer and delivers mortgage loans with a 1% lower interest rate than most lenders.
No credit pulls, spam calls or emails. Just stupid low rates.
Get Pre-Qualified or Try the Mortgage Calculator.
Benefits of getting prequalified at EquiFund Mortgage:
- Compare multiple lenders prequalified loan offers
- Ease of use: simplified user interface and fast results
- Advance to Pre-Approval: Simply upload income and asset documents to get same-day pre-approvals
How to use EquiFund's Mortgage App to get the Best Pre-Qualified loan?
To get the best pre-qualified mortgage, you will need to be prepared to provide some basic information online.
In order to determine your eligibility you will have to enter your credit score, annual income, and and list of debt payments that you have.
Once you submit this information, the mortgage app will then verify eligibility to ensure you meet the underwriting guidelines to issue a mortgage pre-qualification letter.
Note: A pre-qualification is an informal step that normally does not require a credit inquiry or the submission of your income and asset documents.
5 Steps to get a Mortgage Pre-Qualification
- Gather your Information: Prepare a list of income, debts, and credit rating info
- Submit Online Application: Complete the online mortgage application
- Review Loan Options: Compare real mortgage loan offers online
- Select Loan Option: Select the lowest rate and fee mortgage loan
- Review Pre-Qual Letter: Review Loan Estimates, Closing Disclosures
No credit pulls, spam calls or emails. Just stupid low rates.
Get Pre-Qualified or Try the Mortgage Calculator.
Information required to get the best pre-qualified home loan:
To get prequalified, you will have to submit some basic information to the lender in order for the lender to issue a prequalification. Below is a list of information you will need to provide:
- Estimated annual gross income
- Estimated credit score, and 12 month late payment history
- Dates of any foreclosures or bankruptcies
- Checking and savings account balances
- Sum of monthly bills like credit cards, auto loans, student loans etc.
What are the minimum requirements to get prequalified:
- Credit score: 580
- Down payment: 3-3.5%
- Down payment: 0% if Military Veteran or Rural Area
- No 30-day lates in last 12 months for rent or mortgage payments
- No bankruptcy in last 2 years
- No foreclosure in last 4 years
Benefits of getting pre-qualified before getting pre-approved:
- Compare mortgage offers: Find the lowest rate and fee mortgage loan before requesting a mortgage pre-approval
- Predetermine eligibility: Down payment requirements, estimated monthly payments, and eligible purchase price
6 Steps From Prequalification, Pre-Approval, to Final Approval to buy a home
- Get Pre-Qualified: Find the lowest cost mortgage loan, verify eligibility
- Get Pre-Approved: Submit income, asset documents
- Home Sales Contract: Get a signed sales contract to purchase home.
- Final Approval: Satisfy all underwriting conditions
- Schedule Closing: Review Loan Estimates, Closing Disclosures
- Attend Closing: Bring Cashiers check for down payment and closing costs.
No credit pulls, spam calls or emails. Just stupid low rates.
Get Pre-Qualified or Try the Mortgage Calculator.
What is the difference between a mortgage pre-qualification and pre-approval?
A mortgage pre-qualification vs. a mortgage pre-approval, is an informal review of your self reported information to verify eligibility. A mortgage pre-approval requires a soft pull or hard pull credit inquiry along with the submission and review of your income and asset documents.
Final Thoughts
In today's age of computing, finding the best place to pre-qualify for a mortgage can be the difference of loosing or gaining 10% more purchasing power. Having the ability to use an online mortgage app to reduce the cost of lending, remove human error and capture the lowest rate in the market in under 3 minutes is painless.
Getting pre-qualified for a mortgage loan online by our online mortgage app that identifies the lowest cost mortgage loan will save you a lot of time and money.
EquiFund offers one of the best online mortgage pre-qualification process that gives you, the homebuyer, the ability to shop and compare mortgage loans in less time and without having to commit to any certain lender.
When you find the best loan online, you can then request a mortgage pre-approval by uploading your income and asset documents.
Within just a few minutes, curious homebuyers can get prequalified online, and start the same day mortgage pre-approval process all within one user session.
