Return to home page Contact us here Looking to purchase a new home? Looking to lower your monthly payment? Click here Ready to get started? Prequalify here
 

 

WHAT DO I NEED TO DO TO PRE-QUALIFY?
How much home can you afford?

One of the most important questions people often face when purchasing a home is "How much home can I afford?" The first step in getting the money you need to buy your next home is pre-qualifying for your mortgage loan. By getting prequalified or pre-approved, you will better know how much lenders may be willing to lend you. Having this information can help narrow your home search to homes that you can afford.

Get started today! Call us at (847) 718-1322 to make an appointment with one of our experienced loan officers.

 
Prequalification
Provides you with a "ballpark" estimate of your borrowing power.
This estimate is based on summary information about your income and assets.
Requires satisfactory review of property, financial documents and program requirements to issue final approval.
 
Pre-approval
Provides proof to real estate agents and sellers that you're approved for a specific loan amount.
This estimate is based on a verification of your income, credit and assets.
Requires a satisfactory appraisal and title review and no change in financial condition for final approval.