Why should I get pre-qualified?

Getting pre-qualified for a mortgage is an important step in the home buying process because it gives both you and your REALTOR an understanding of how much you can borrow before you begin looking at homes. In fact, many sellers won't even consider an offer without an accompanying Conditional Loan Approval (a pre-qualification letter from a lender). It is recommended that you get pre-qualified by an experienced and reputable mortgage professional.