Foreclosures Mortgage Pre Qualification
Before you'll be able to purchase and for that matter shop for a new home you need to get pre qualified for a mortgage. A mortgage pre qualification tells you and your Foreclosures realtor your new home purchasing power, it establishes the price range you can afford based on your actual current income and debt levels. A mortgage pre qualification letter can be issued by a bank or mortgage broker and usually only requires a short meeting with a loan officer and a check of your credit report.
If you need a referral for a mortgage broker please contact a Foreclosures realtor and they will refer you to one they have worked with in the past that performed well for their clients.
