how do you start the pre-qualifying process?

Call a mortgage company or a bank you do business with and speak with someone in the mortgage /loan department .you will need to give them at least 2 month of income stubs for verification then they will want to pull a credit report on you and spouse if purchasing Joint tendency. They will then start the pre qualifying process. during this time MAKE NO MAJOR PURCHASES OR CLOSE ANY CREDIT ACCOUNTS this will adversely affect you r credit score greatly.

Thanks Alvin King. It's nice to be noticed. Actually, Glenda, you need to contact Marc Yu. He will help you.

Glenda, We try to make it as easy as possible for you. We only direct you to reputable lenders who assist you thru the 20 minute process to pre-qualify you. What a time to buy! Bill Salvatore your eastvalleyrealtor

John Fortener has answered your question 7 times. I think he is trying to tell you something.

you can start by talking with a licensed mortgage lender that comes recommended to you. they will be able to help you and guide you through the process. Good Luck

Hi Glenda, We offer a 1/2% down program throughout CA. If you are interested in learning more please let us know.

Contact your lender. If you don't have one ask your real estate agent for a recommendation.

That sounds like a great program. Marc, my apologies to you and any other bankers that are licensed. but we have bankers here that are not licensed. They are only "registered". But semantics aside, Glenda, you would do yourself a favor to contact Marc.

To correct some answers just presented. Every loan officer that works for either Citibank, Bank of America, Chase, Wells Fargo, etc are LICENSED! And are required to be... My license # is 349732 in case someone wants to check. Although some lenders do take some time to close their loans, we at Citibank, close our purchase loans in 30 days or less. We even have a program that you can only need to put down 5% and no mortgage insurance. Find another lender that can do that and offer competitive rates at that. Yes based on the answers I've read, you should definitely do your home work but bottom line, its all about saving money...

it is a simple process, but make sure you are working with someone who is experienced and knows the underwriting guidelines. Good Luck

we make it easy here in Arizona, just a 15 minute phone call. :)

Sorry, my last post was interrupted so I didn't finish. I was saying, ...would you invest your money with a stock broker or financial planner that wasn't licensed? probably not. So why go to someone that is not licensed for probably the largest purchase you will make in your lifetime? To be fair, there probably are some good, knowledgeable folks that work for a bank. My point being, just be wary

With respect to all the answers here. Going to a bank is not usually the best option. They are limited by only having access to their own products and right now, most banks are so backed up, it is taking them up to 90-120 days to close loans. Also, their loan officers are not even licensed with the National Mortgage License Service. Would you go to a doctor that wasn't licensed? or invest with a

Just go to the bank and talk to a loan officer. They will tell you what proof of income you need to provide. Then be sure to check several different banks - buying the right mortgage is as important as buying the right house. When you decide which bank you prefer, they can write your pre-qualification letter and you can start House Hunting!

Hilda, You need to contact Daniel below and have him help you.

Hello Hilda, make sure you speak to a well qualified loan officer, with a good selection of products. The biggest problem I see out there is people being preapproved for FHA loans when a conventional would be a much better way to go, saving thousands of dollars in the first 5 years. Please reach out to me via email or through my website and I would be happy to go over the differences in more detail. Best of luck!

Contact a mortgage broker. He or she will ask you some questions and let you know how much you prequalify for or if you do not meet any loan program qualifications.

It's simple really... The main goal is to know how much you can afford and based on that information what lender can grant you the credit for the mortgage. Basically the cheapest route to go is by simply walking into one of the big 4. Citibank, Bank of America, Chase, or Wells Fargo. Every loan agent that is "Employed by the Bank" are not to charge any origination points (commission). The loan officer will give you a list of documents needed to begin your pre-approval process. The loan officer can pretty much calculate what you can afford and furnish a pre-approval letter NOT a pre-qualification letter. Based on that letter, you can begin by researching a bonafide Realtor that can help you find a home based on your pre-approval. It really gets more in dept than that but you will get the jist. Hope this helps! There are tons of loan officers out there, just do you due diligence and research before walking into the bank. Good Luck!

Contact a Licensed, Mortgage Professional and they can walk you through the process. Contact me and I will answer any questions you may have.

Simply call the lender of your choice and discuss ahy information they will need. If you need a referral, contact a good real estate aagent for a recommendation. The lender will want to know your income and any monthly payments you have to make outside of housing. For example, credit cards, car payments, school loans, etc. A stronger move is to get a preapproval. In this case the lender will need some evidence of your income and expenses. You can expect to need pay stubs and/or recent tax retiurns, bank statements, etc. In today's market I highly recommend going for the pre-approval. Mulitple offers are showing up in about 50% of transactions these days. You'll want to have that strong pre-approval in hand when you write an offer.