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Question about pre-qualifying

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houseshopping
LIF Zygote

Member since 1/07

15 total posts

Name:
Kel

Question about pre-qualifying

Is there a way to know what we can anticipate pre-qualifying for based on our incomes, credit scores, etc? Or does it totally depend on where we go etc? Meaning...is there some kind of guide that if you make this much $, etc. you can expect to prequal for X?

Sorry if this is silly...I'm new and clueless!

Posted 1/26/07 1:28 PM
 
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PotofLuck06
Our Baby Boy Is Here!!!

Member since 11/06

13241 total posts

Name:
Betsy

Re: Question about pre-qualifying

Visit area banks.....they'll all be able to tell you what range to look in, but what you should be concerned about as well as the amt. is the INTEREST Rate and that's different everywhere you go!

Posted 1/26/07 1:29 PM
 

HappyWife
LIF Toddler

Member since 12/06

484 total posts

Name:

Re: Question about pre-qualifying

You can run your numbers through lendingtree.com or bankrate.com and get an idea of what you can afford. Alternatively, on MLSI.com you can calculate the monthly costs (doesn't include taxes and utilities) to see if you'd be comfortable with that monthly amount.

Posted 1/26/07 2:03 PM
 
 

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