| Pre-qualify For A First Mortgage |
 The process of figuring out what size mortgage you qualify for before you actually apply for a loan is called pre-qualification. Pre-qualification is a practical first step that all home buyers should take. Our pre-qualification process helps you find out if you qualify for a home loan, the amount you qualify for and the monthly mortgage payment you can afford.
Once pre-qualified, it's time to take the next step and get
pre-approved. Home sellers typically consider a pre-approved buyer's offer much more favorably. Pre-approval is a loan approval letter based on your credit history and income, and is subject to any home inspections you choose and a market appraisal.
Getting pre-approved enables you to:
- Increase your negotiating power.
- Save time by only looking at houses you can afford.
- Be confident knowing that you meet the requirements ahead of time.
- Reduce the time to closing after your offer is accepted.
- Secure your home loan from Clearview Federal Credit Union.
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