Obtaining a mortgage prequalification letter

If you are looking for a home and you aren't prequalified, stop right now. You may be wasting valuable time looking at houses you can't afford or even excluding homes you thought were out of your range.

Getting a mortgage prequalification letter is a pretty simple process. First, you need to contact a mortgage lender. You can do that though our website using our application form.

We will need some basic information such as your gross monthly income and monthly payments. You'll also need your debt-to-income ratio. Once you have this information, you need to authorize the lender to pull your credit score.

This information should be enough to make a determination on how much you can prequalify for. We can draft a letter stating your financial information looks good and that you are pre-approved up to a certain amount.

Additional Notes:

• It may be a good idea to request multiple mortgage prequalification letters for various loan amounts. If one of the homes you are interested in is selling for $300,000, you don't want the seller to see that you are approved up to $400,00.
• You may be asked for more information to prequalify depending on your situation.