Prequalification

When you’re in the market to purchase a new home, it’s a good idea to start with mortgage prequalification from Bankers Trust. Why get prequalified for a mortgage loan? For one, it tells your real estate agent and sellers that you have ready access to financing for up to a specified amount — so they take you more seriously. It also tells you how much home you can afford, and that saves you time shopping and provides peace of mind.

Our professional loan originators can help you get prequalified by looking at a variety of your financials.

Factors involved in prequalifying you for a mortgage loan include:

  • Credit score
  • Income
  • Debt
  • Assets

The Process is Pretty Simple

The first step in the mortgage prequalification process is to complete and return a short loan application. If you are working with a specific loan originator, be sure to indicate that individual’s name on the form. If you don’t already have a loan originator, your application will be forwarded to an available loan officer at Bankers Trust.

Your loan officer will process the application, pull your credit report, and give you a call or set up a meeting to discuss your prequalification. It’s helpful if you have completed the application in its entirety and included your goal for a purchase price, down payment amount, and whether or not your current home is sold. Be sure to ask any questions you may have — we want you to be fully informed and comfortable with the entire financing process. If you prefer, you can mail, fax, or stop by with your completed application.

Following your prequalification, your loan originator will be happy to provide you with a prequalification letter, if requested. 

Contact a Mortgage Loan Originator today to get started.

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Prequalification | Bankers Trust