- Mortgage planning and the prequalification process
Before an application there is a planning stage most buyers skip. Here is how to use it: what prequalification means, what a lender actually reviews, and how to turn a rough idea into a mortgage roadmap.
Important disclosures
- Planning estimates only. Not an approval, pre-approval, guaranteed qualification, guaranteed rate or lending decision.
- This is not a commitment to lend.
- Final eligibility requires lender and licensed MLO review.
- Rates, pricing, guidelines and program availability change and vary by borrower and property.
- Program availability varies by state.
- Equal Housing Opportunity.