Prequalifying – Mortgage 101 with David Bruce

Prequalifying – Mortgage 101 with David Bruce

There’s a lot you’re going to need to know if you are buying a home for the first time. I met with my friend, David, to talk over some of the questions you might have about prequalifying.

Prequalifying is an important first step to getting a mortgage! Without a prequalification letter, it’s hard to move on in the home buying process.

Prequalification as defined at is “an initial evaluation of the credit worthiness of a potential borrower that is used to determine the estimated amount that the person can afford to borrow. Pre-qualification is a relatively simple and quick process of examining the potential borrower’s income and expenses in order to generate an estimated borrowing range that they would likely be able to repay to the lender.”
Read more: Pre-Qualification

David and I are more than happy to answer questions you have about mortgages. Just leave a comment on the Facebook video!

If you happen to be shopping around for a mortgage, don’t forget Blue Ridge Mortgage! Like them on Facebook!

If you’re considering buying a home in the near future, check out these videos:
7 Steps to Take Before You Buy a Home
Tips for First Time Home Buyers

Josh Sutton REALTOR® with Dalton & Co


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