topic Re: prequalify for a mortage? in Mortgage Loans

prequalify for a mortage?

Anonymous — Sun, 23 Dec 2007 16:41:42 GMT

if I try to prequalify for a mortgage would this leave an inquiry on my credit report?

Re: prequalify for a mortage?

Anonymous — Sun, 23 Dec 2007 17:09:47 GMT

Yes- They will pull hards on each.

Re: prequalify for a mortage?

Anonymous — Sun, 23 Dec 2007 17:59:35 GMT

thanks

Re: prequalify for a mortage?

Anonymous — Sun, 23 Dec 2007 18:29:56 GMT

Remember mortgage shoping with a 2 week period will only count as one inquiry as long as they are coded correctly.

Re: prequalify for a mortage?

ShanetheMortgageMan — Sun, 23 Dec 2007 20:01:47 GMT

You can still get quotes and discuss your situation with hard inquiries though.

Re: prequalify for a mortage?

Anonymous — Mon, 24 Dec 2007 19:43:36 GMT

Actually a prequal can be done online without a hard on any bureau. This is usually done by ifno you enter into the system. Now if you need a hard money letter, they will pull hards.

Re: prequalify for a mortage?

MidnightVoice — Mon, 24 Dec 2007 19:48:40 GMT

Brammy wrote:
Actually a prequal can be done online without a hard on any bureau. This is usually done by ifno you enter into the system.

Where can one do this? It sounds interesting as I will need to move in an undefined period of time and I would like to see where I am right now

Re: prequalify for a mortage?

Anonymous — Mon, 24 Dec 2007 19:50:02 GMT

MidnightVoice wrote:

Brammy wrote:

Actually a prequal can be done online without a hard on any bureau. This is usually done by ifno you enter into the system.

Where can one do this? It sounds interesting as I will need to move in an undefined period of time and I would like to see where I am right now

You can do it online at Wachova and I think BofA. now if you need hard money backing you, you will need to submit to the dreaded probe. There is a difference between pre-qual and qualifying.

Message Edited by Brammy on 12-24-2007 02:50 PM

Re: prequalify for a mortage?

Anonymous — Mon, 24 Dec 2007 19:52:04 GMT

Here is the Wachovia link

https://securemortgage.wachovia.com/cgi-bin/site_tools/prequal/index.pl?source=2

Keep in mind this is not a firm offer just a pre-qual

Message Edited by Brammy on 12-24-2007 02:52 PM

Re: prequalify for a mortage?

MidnightVoice — Mon, 24 Dec 2007 19:53:19 GMT

Sounds good, and sounds like no hards!!

Thankee - I will try it later

Re: prequalify for a mortage?

Anonymous — Mon, 24 Dec 2007 19:57:40 GMT

MidnightVoice wrote:

Sounds good, and sounds like no hards!!

Thankee - I will try it later

Not even a soft. Just uding your current DTI to figure out how much house you can afford.

Message Edited by Brammy on 12-24-2007 02:57 PM