Pre qualified for mortgage

(January 12,2012) If you are thinking about buying a house and you contact a real estate professional, one of the first things they will ask you to do is to get pre qualified for a mortgage. Real estate agents and sellers want to know up front that potential buyers are able to obtain a home loan.

The pre qualification process involves a credit check and employment history information. For many people who rent, the credit scoring portion of being reunified could benefit them if they paid their rent on time.

Leading credit reporting companies now plan to use a person's rental history when calculating credit scores. This could serve to boost a total score by a significant number.

If you are interested in getting pre qualified for a mortgage, contact me today. 407-304-0255.