What is a pre-qualification and what happens when I get one?
To get pre-qualified for a home loan you will need to speak with a lender. They will sit down with you and determine how much house you could afford. By pre-qualifying you the lender isn’t formally committing to giving you the loan, however, it does let you know what price range to start looking in. Then the fun part starts! After you find out how much you could qualify for you can let your real estate agent know and they will pull together a list of homes that fit your needs and you can begin the hunt.
