Why Getting Prequalified for a Mortgage is Worth It
Not sure if taking the time and effort to get prequalified for a mortgage loan is worth it? After all, you’ll need to gather tax records, pay stubs and other important financial information to do so. If you need help deciding, just ask the thousands of people who’ve had the perfect home snatched out from under them before they secured their financing!
What exactly is prequalification?
Getting prequalified means you’ve talked with your preferred financial institution and they’ve given you an estimate of how much you can afford based on basic financial information.
But how does this help you in your home search? Watch this video from Mountain America Credit Union to find out—and you’ll also learn the difference between prequalification and preapproval. Whether you’re a first-time homebuyer or a seasoned homeowner, take a look!
