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Mortgage Prequalification What You Need to Know Before Buying a Home

Get a head start on your home-buying journey with this quick guide to mortgage prequalification. Learn what it means, why it matters, and how it helps you shop for a home with confidence.

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Mortgage Prequalification What You Need to Know Before Buying a Home

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  1. Mortgage Prequalification: What You Need to Know Before Buying a Home Presented by Sure Easy Lending www.sureeasylending.com

  2. What is Mortgage Prequalification? Mortgage prequalification is an early step in the home-buying journey. It gives you an idea of how much you might be able to borrow based on basic financial information. Quick and non-binding estimate Based on income, debt, and credit score Helps define your home search budget

  3. Why Prequalify Before House Hunting? Getting prequalified sets the foundation for a smarter, more focused home search. It helps you and your agent stay realistic and efficient. Know what you can afford Strengthens your offer to sellers Speeds up the mortgage process later Boosts your confidence as a buyer

  4. What You’ll Need to Get Prequalified The process is simple and fast—usually taking less than a day. Be ready to share a few key pieces of information. Monthly income & employment info Estimated credit score Monthly debts (credit cards, car loans, etc.) Desired down payment amount

  5. Prequalification vs. Pre-Approval While they sound similar, prequalification and pre-approval are different steps in the mortgage journey. Pre-Approval Prequalification Pre-Approval Prequalification is great for early planning is often required by sellers Estimate based on self- reported info Verified financial documents, stronger offer

  6. Common Mistakes to Avoid Overestimating income Forgetting debts or liabilities Even though prequalification is easy, buyers sometimes make avoidable errors that can cost them later. Assuming prequalification = guaranteed approval Making large purchases during the process

  7. How Sure Easy Lending Can Help At Sure Easy Lending, we make mortgage prequalification easy, fast, and stress-free. Whether you’re a first-time buyer or upgrading your space— we’re here to help every step of the way. Personalized support from start to finish Quick turnaround—most within 24 hours Competitive loan options tailored to you

  8. THANK YOU LET'S GET IN TOUCH Message Us info@sureeasylending.com Our Address 1779 Clearbrook Rd #208, Abbotsford, BC, Canada Visit Our Website www.sureeasylending.com

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