The home finance specialist collects estimates of your income and liabilities to determine what mortgage products may be available to you and what you can afford to borrow. Our home finance specialists can prequalify you by phone in some cases. It normally takes 15 to 20 minutes, and the applicant will receive a prequalification letter.
This is a more thorough review of your creditworthiness. We verify not only your credit, but also your income, assets, and liabilities. Further, you will need to submit documentation such as proof of income, assets, and debt records. The process can take 20 minutes if you come prepared, or in some cases up to two business days.