Requires documentation of your financials. Getting pre-qualified can give you a few minutes to provide. Provides a preliminary mortgage offer, more to fill out the. NerdWallet partners with highly-rated mortgage lenders to find you the.
Key Takeaways Pre-qualification is based on data you submit to a lender. Learn more about home loans How loans are approved Today's mortgage rates Calculate your monthly mortgage payment. When you want to give yourself a competitive edge over other buyers in the market, you can get preapproved. A loan officer helps pin down your financial profile and supports you in taking the first steps toward home ownership by getting you pre-qualified or pre-approved for a mortgage.
