how to get mortgage pre approval

When you are pre-approved for a mortgage, a lender has looked closely at your credit reports, your employment history and your income – and must then determine which loan programs you qualify for, the maximum amount you can borrow and the interest rates you will be offered.

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How to Get Pre-Approval for a Mortgage. Lenders need to verify financial information, such as income, savings, debt and your employment history to determine if you qualify for pre-approval for a mortgage. Provide copies of tax returns for the past two years, W-2 forms for the past two years, bank statements for the past six months and other financial documents requested by lenders.

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If you’re looking to get preapproved for a mortgage, Rocket Mortgage can help. Rocket Mortgage offers a couple of different approval options: Our Prequalified Approval is the fastest way to get approved with Rocket Mortgage . Simply apply online and allow us to check your credit.

 · Pre-approval is a good thing because it allows your mortgage broker to get ahead of the curve on the file and the documents to be obtained. Mortgage pre-approval is often the first step for a house purchase. I know many real estate brokers who only want to work with pre-approved clients, and honestly, I understand why.

Your Mortgage Pre-approval Checklist Check your credit report and score. Find a trustworthy lender. Get pre-qualified to find out what type of loans you’re eligible for. gather financial documentation such as pay stubs, bank statements, W-2s, and tax returns from the last two years. Apply for.

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A mortgage pre-approval means a lender has pulled your credit and verified your income and assets and that you are approved for a home loan. Get Pre-Approved Now. Before You Call a Lender. Before you start calling lenders to get pre-approved you should make sure that you meet some of the basic loan requirements. Check Your Credit Score