Pre-qualify for a Mortgage

Don't Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-approve for a mortgage so you know exactly how much a financial institution would be willing to lend you. A bank will look at your credit score and tell you what kind of loan bests suits their underwriting standards.

What are credit scores? Credit scores tracks your performance in incurring dept and payting your bills on time. Credit scores today is how the bank business assesses the risk they are taking in giving you a loan.

Lenders have been getting their scores from the three main credit reporting agencies:
Equifax: 800-685-1111
Trans Union: 800-916-8800
Experian: 888-397-3742

Lately there has been talk about the agencies coming up with similar scales or meaning in their reports. The FICO scores you are given will determine the interest you will be charged as well as the amount of downpayment you will be required to put down for the programs.

In the pre-approval process, you will find out about different types of loans and their strategies:

- Exactly how much home or land you can afford.

- How much cash you will need for the down payment.

- The minimum down payment, and advantages of higher down payments.

- What the bank feels you can afford for a monthly payment.

I help buyers find the right loan officer to get their pre-qualified/or pre-approval for a mortgages every day. Simply call me or fill out the form below to get started.

Remember: I will respect your privacy! I know this is your personal information, and I will not distribute it to anyone, other than to my preferred mortgage broker with your permission. I work with very ethical lenders who are interested in an on-going relationship with you. This service is also provided free of charge, without any obligation on your part. It is part of my job as a top Chicago Northwest Suburbs Realtor to offer services such as these.

They will quickly process your information and get right back to you! If you have any questions about the types of loans you hear about, you might want to call me instead.

Contact me at for my list of loan officers I trust!