efore you begin touring homes, it’s important to know what you can afford. At Trust Home Loans, we make it easy to get pre-qualified so you can start your homeownership journey with confidence. Simply complete our secure mortgage prequalification form online. With a prequalification letter in hand, you’ll know how much you may be approved to borrow — even before seeing your first home.
In fact, many real estate agents require buyers to be pre-qualified before scheduling showings. A prequalification helps you focus your search, saves time, and strengthens your position when making an offer. It also makes the full mortgage application process much smoother down the line.
Understand Your Credit Before You Apply
Lenders use your credit score to evaluate your reliability as a borrower. This score is based on factors like your payment history, current debt, and income. The better your score, the better your chances of qualifying for a favorable mortgage rate.
You can check your credit and score for free at trusted sites like freecreditreport.com or creditkarma.com.
If your credit score is below 640, take time to review your report for any errors. Staying current on payments and paying down debt can help raise your score and improve your chances of approval.