Prequalify for Your Mortgage
Some real estate agents may require you to get prequalified before showing you homes. Possessing a prequalification letter can help you choose homes within your budget to ensure you make a wise decision. Once you make an offer, applying for your mortgage will be more straightforward.
Verify Your Credit
Lenders look at many factors to determine how likely you are to pay your mortgage every month, including income, current debts, and payment history. They assign a number value that indicates your reliability. This credit score is a significant factor in mortgage approvals.
If your credit score is below 640, we recommend evaluating your credit more closely to ensure accuracy. Staying current on your monthly payments and paying down debt can quickly improve your score.
Schedule a consultation with All East Mortgage Advisors, LLC to discuss your financial history, goals, and your ability to buy a new home.