First, you will need a mortgage lender to issue you a mortgage pre-qualification form. From there the lender will ask you your gross (before tax) income is, what your monthly debts are (car payments, credit card minimums) and how much you have saved for your mortgage down payment and closing costs.
Remember, you are not looking to be approved quite yet just qualified.
The mortgage prequalification tells you that you should be able to afford a loan of X dollars and buy a home at X price. Although it is not an approval, it can save you a lot of time. One of the most important things mortgage pre-qualification tells you is what you can afford now. Pre-qualifications covers your income, assets, and debts.
However, pre-qualification does not even involve a lender checking your credit or verifying your income.
Once you are prequalified for your home loan, the next step is easy. Complete a mortgage application with a local or online lender.
So do not be afraid to start the process of getting approved you can never be too prepared! Contact me today to begin the process!