Mortgage pre-qualification is a loan estimate that you receive from your lender. Getting pre-qualified is a short process that can often be completed online with a bank, and they may give you the results on the same day. Pre-qualification helps set your home buying price range. When requesting mortgage pre-qualification, you will most likely be asked to provide personal financial information regarding:
Income
Bank accounts
Credit history
Down payment amount
Desired mortgage amount
Tip: Our mortgage affordability calculator can help you get a ballpark of the mortgage you may qualify got before you make a request to a mortgage lender.