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Do you need to get pre-qualified for a home loan? Read this article to learn how.
Getting pre-qualified for a home loan is usually the first step in the home buying process. Most real estate agents prefer to do business with home buyers that have been pre-qualified first.
A pre-qualification means:
Obviously, if you plan on purchasing your home in cash (meaning there is no need for you to get a home loan), then you're automatically pre-qualified. You may want to double-check that you have enough funds available to pay for closing costs and other extra home buying expenses.
Getting pre-qualified isn't a difficult process. As a matter of fact, you can get pre-qualified right now using BeSmartee. Just follow these steps:
At the top of our home page is where you can start the pre-qualification process. You can use the tab key to quickly move through each field.
Chances are you know what city you want to purchase your home in. You'll also need to know your down payment amount and current credit score. If you're unaware of your credit score, then you can run your credit score at creditkarma or credit.com.
These options are important for making sure your pre-qualification is accurate. You'll have to click on the "More Options" link to reveal the final required fields.
BeSmartee has very stringent borrower requirements. Assuming you have entered accurate information, the results shown have passed our pre-qualification filters. If you're a real estate or financial planning professional, you may want to use BeSmartee as your pre-qualification engine from now on. Feel free to bookmark this page!
You can print out this page as a form of proof of your pre-qualification. If your real estate agent has any questions about our service, we're more than happy to speak with them. They can contact us through our contact form.
As of 3/15/2016, our marketplace is only open to home loans for California properties. Our marketplace will open up to the rest of the U.S. shortly.
See what BESMARTEE’S SMART MORTGAGE can do for you.
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