Getting a mortgage pre-approval quote is essential to starting your search for a new home. Most real estate agents won't even show you a house unless you've got a mortgage pre-approval in your hands. You may have done your homework and have a good idea about how much you can afford but as important as your opinion is, it's a lender's opinion that real estate agents care about. Getting a quote is the first step.
Many lenders don't like giving pre-approval quotes because you haven't actually found a home yet. They know that a lot can happen between starting your home search and moving in, and they don't want to spend the time doing the homework required to get you a pre-approval. The lenders that do, however, are a smaller group who will be willing to work with you throughout the home buying process.
To help you find the best lender to work with you throughout the process, you'll need to have several from which to choose. We've found two of the best mortgage pre-approval quote providers for you.
Fill out the applications for your chosen provider(s) as completely as possible. Make sure that you provide accurate contact information as an accurate quote for your situation will almost always require more information - whether it's about your employment, your credit, or your property - than the short application form will allow.
Profile: Savings Path is an all-around quote source which handles home mortgage quotes as well as credit cards, insurance, and car loans. Make sure to note state restrictions.
Recommended for: Home Purchase Loans and Home Pre-approvals
Also useful for: Home Refinances
Do not use if you are:
looking for a mortgage in NJ, NY, PA, RI, SC, or VA
looking for a mortgage less than $50,000
If you have questions before selecting your mortgage pre-approval quote provider(s),
check out our Mortgage Quote FAQ.
Getting a mortgage pre-approval quote is essential to starting your search for a new home. Most real estate agents won't even show you a house unless you've got a mortgage pre-approval in your hands. You may have done your homework and have a good idea about how much you can afford but as important as your opinion is, it's a lender's opinion that real estate agents care about. Getting a quote is the first step.