With the low levels of housing inventory available and the mortgage increase just around the corner, the housing competition is getting fiercer. Now seems to be the best time to purchase your dream home before it gets priced out of the market.
This opportunity is ideal for lenders to offer a prequalification. It will attract borrowers after learning about the great benefits of prequalification that will put them above the competition, increasing their chances of buying the home they want. But what is prequalification and why are lenders offering it?
Whether you are a lender or a buyer, here is everything you can benefit from a prequalification.
Source: https://www.certifiedcredit.com/what-is-a-mortgage-prequalification-what-benefits-does-it-offer/
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