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What is It?
Prequalification
Prequalification is how lenders determine if you will be a reliable borrower. Lenders need to know your credit score, before they are able to see if you are able to receive a loan or what the loan rate will be.
Before you can go out to look at homes with your realtor, You will also need a prequalification letter. If you would like to start the process ASAP, please answer the following questions.