W USA Fund Organization

Pre-qualification for Home Mortgage Refinance

It is very important to get a solid home mortgage refinance pre-qualification from your lender before you sign on the dotted loan application line.  Especially in light of the fact the home mortgage lending guidelines have changed in a big way over the past couple of years.  You will want your home mortgage lender to qualify you based on your income, credit and equity stake in your home.  A solid home mortgage refinance pre-qualification will also give you more confidence that your home loan will be successfully closed.  Some people just fly into the process without even speaking with a loan officer, which can be a costly mistake not only in the cost of the application and appraisal, but also for the time and effort of the borrower.