How do you pre-qualify a buyer for a mortgage?

How do you pre-qualify a buyer for a mortgage?
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1 Answer

Answer :

This cool link will take you to a site that will tell you all you need to know about being pre-qualified to purchase a first home. http://www.usbank.com/mortgage/learning/pre-qual-approve.html
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Related questions

Is there a limit on your income when trying to qualify as a first time home buyer?

Description : Is there a limit on your income when trying to qualify as a first time home buyer?

Last Answer : No, there is no limit on how much money you make when it comes to the first time homebuyer program. However, the program only grants 10% of the purchase price of the house up to $8,000.00.

Does one have to be a first time home buyer to qualify for an FHA loan?

Description : Does one have to be a first time home buyer to qualify for an FHA loan?

Last Answer : No, you do not have to be a first time homebuyer to qualify for an FHA loan; however, a first time home buyer is often better suited for a FHA loan as the government insures the loan which ... qualify for an FHA loan. FHA loans are designed to help first time home buyers to afford their purchase.

I decided to do a short sale on my property before it the mortgage company starts foreclosure proceedings. I approached a realestate agent and he told me he will handle everything. he will talk to the bank, get a buyer, etc. Should I let him handle it or should I approach the mortgage company first to tell them about the short sale?

Description : I decided to do a short sale on my property before it the mortgage company starts foreclosure proceedings. I approached a realestate agent and he told me he will handle everything. he will talk to ... him handle it or should I approach the mortgage company first to tell them about the short sale?

Last Answer : Get that puppy sold. You don’t have to let the mortgage company know. If you trust your agent then let them do their job and earn their commission.

seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as - (1) defence (2) betting (3) inter-trading (4) mortgage

Description : seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as - (1) defence (2) betting (3) inter-trading (4) mortgage

Last Answer : (1) defence Explanation: It is known as defence, It is a type of resistance against danger, attack, or harm to business or holding. A seller or buyer resorts to defence as a means of protection.

A seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as– (1) defence (2)betting (3) inter-trading (4) mortgage

Description : A seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as– (1) defence (2)betting (3) inter-trading (4) mortgage

Last Answer : defence

Mental process in which customer ends up as buyer of a new product is called A. adoption process B. cognitive dissonance C. pre purchase behavior D. post-purchase behavior

Description : Mental process in which customer ends up as buyer of a new product is called A. adoption process B. cognitive dissonance C. pre purchase behavior D. post-purchase behavior

Last Answer : adoption process

How often does a pre-approved mortgage loan not happen?

Description : How often does a pre-approved mortgage loan not happen?

Last Answer : As long as the documentation you provide matches the information you provided to obtain the pre-approval the loan should go through fairly easily. Your best bet to keep things moving and ensure a ... all of your documentation is in line, it should go right through! Good luck and congratulations!

Does a mortgage pre approval guarantee a mortgage loan approval?

Description : Does a mortgage pre approval guarantee a mortgage loan approval?

Last Answer : Pre-approval for a mortgage does not guarantee that you will be approved a mortgage loan. However it does mean that it is very likely that you will be approved when you apply.

What is the eligibility requirements for mortgage pre-approval?

Description : What is the eligibility requirements for mortgage pre-approval?

Last Answer : The same factors that are used for approving a mortgage are used for pre-approval. These include your employment history, current salary, savings, down payment, credit history, size of the loan and other factors.

How do you know if you qualify for the Covid vaccine if you have health issues?

Description : How do you know if you qualify for the Covid vaccine if you have health issues?

Last Answer : I would start with his primary care physician. If he sounds absolutely sure about your husband getting the shot, have him get it. If the doctor is iffy, or isn’t sure, do more research.

How do you qualify to give vaccinations?

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How do you qualify for alimony in TN when you divorce?

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Why don't some sport activities, like swimming not qualify as athletic?

Description : Why don't some sport activities, like swimming not qualify as athletic?

Last Answer : You are wrong. Swimming is athletics, swimmers are athletes.

If a person is receiving unemployment, can they still qualify for disability?

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Will Liverpool qualify for champions league?

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Would a very, very poor person qualify for medicaid in America now?

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If they want to interview you, does that mean you already technically qualify?

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Description : Does this qualify as hate speech?

Last Answer : answer:It is an abridgment of free speech and, in my view, it is wrong. I don’t think it is hate speech.

If you have a tiny flat item to ship, does it qualify for USPS's letter rate?

Description : If you have a tiny flat item to ship, does it qualify for USPS's letter rate?

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Description : Which words or names qualify for asterixation?

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Last Answer : It was the restriction against using too much bright blue eye shadow that did me in. My favorite eye shadow is called ‘electric blue’.

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Have you ever done anything, or had something happen to you, that would qualify you for a spot on America's Funniest Home Video?

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Does calling yourself the .NET professor qualify you to criticize the iPhone interface?

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Description : My baby wont qualify for madicare, medicaid, chip..... what other insurance can i try, for emergencies like the one we had today?

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You and nine other individuals have been captured by super intelligent alien overlords. The aliens think humans look quite tasty, but their civilization forbids eating highly logical and cooperative beings. Unfortunately, they're not sure whether you qualify, so they decide to give you all a test. Through its universal translator, the alien guarding you tells you the following: You will be placed in a single-file line facing forward in size order so that each of you can see everyone lined up ahead of you. You will not be able to look behind you or step out of line. Each of you will have either a black or a white hat on your head assigned randomly, and I won't tell you how many of each color there are.When I say to begin, each of you must guess the color of your hat starting with the perso

Description : You and nine other individuals have been captured by super intelligent alien overlords. The aliens think humans look quite tasty, but their civilization forbids eating highly logical and cooperative beings. ... , each of you must guess the color of your hat starting with the perso -Riddles

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What is the meaning of the word Qualify

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Why does roman catholic not qualify as a Protestant denomination?

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How To Qualify For Federal Housing?

Description : How To Qualify For Federal Housing?

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Description : how to qualify?

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