Getting pre-qualified is the first step in arranging a mortgage, and it is the one that tells you what you can realistically shop for. You share the basics of your finances with us, we review them against the guidelines of the wholesale lenders we work with, and we give you a borrowing range and a sense of the monthly cost before you commit to anything.
What we ask for is simple: your income and how it is paid (salary, hourly, self-employment, retirement or rental income), your monthly debts such as car loans, student loans and credit cards, the funds you have available for a down payment and closing costs, and where you stand on credit. For a pre-qualification you can give us these figures by phone or through the online form; we do not need documents at this stage.
When you move on to a pre-approval, the same information is verified. Have recent pay stubs, your most recent W-2s or tax returns, recent bank and investment statements and a government-issued photo ID ready. Self-employed borrowers may be able to use business bank statements instead of tax returns for some programs.
A pre-qualification based on the figures you give us does not involve a credit pull. A full pre-approval does, because the lender needs to see your credit report. Ask us how the credit check works and when it happens, so there are no surprises.
As a mortgage broker, Vivid Mortgages does not lend its own money. We compare programs from several third-party wholesale lenders, tell you which ones your file fits, and manage the application from pre-qualification through closing. Getting pre-qualified is free and carries no obligation. Call 800-880-8557 or request a quote online to start.
Talk to a New York mortgage broker
Get pre-qualified online, or call and a broker will walk you through your options. No obligation, and pre-qualifying does not affect your credit score.
