Getting pre-approved is the “doing your home work” phase of the mortgage process. If you want to refinance or purchase, it makes the process much easier if you understand up front how easy it will be to qualify for the mortgage you want to apply for. Credit score, income documentation, value and condition of the home are all factors that need to go into the process to know what to expect from the transaction.
At Homestead, you can do most the pre-qualification/pre-approval work over the phone to make things easy for you.
During this process, we gather basic information to determine if moving forward with the loan application makes sense with no cost to the customer.