Getting pre-qualified for a mortgage is an informal way for you to get an idea of how much you can afford to spend on a home purchase. Mortgage pre-qualification is an important first step for anyone who is considering buying a home and is unsure if they are financially ready. Our mortgage pre-qualification calculator will look at several factors and indicate whether you meet the minimum requirements for a home loan as well as tell you the maximum amount you can afford and how much you can be pre-qualified to borrow.
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