Are you pre-qualified for a loan?

Get pre-approved for your loan at Norris Loans Before you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford. This will put you in a better position as a buyer. That’s when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house.

To get pre-qualified for a loan, I will collect information about your debt, income, and assets. We’ll look at your credit profile and assess goals for a down payment and get an idea of different loan programs that would work for you. I will issue you a pre-qualification letter indicating the amount you are pre-qualified to borrow. It is important to understand that a pre-qualification letter is just an estimate of what you are eligible to borrow, not a commitment to lend. 

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Buy a home

Find out how much you can afford before you shop. Increase your negotiating power by prequalifying online.
  • Simple, secure form.
  • Takes just minutes to complete.
  • Get a competitive rate customized for your needs.
  • Lock your rate in over the phone.

Refinance
Take advantage of today's competitive rates by refinancing your existing mortgage
  • Get a better rate.
  • Reduce your monthly payments.
  • Reduce your overall loan costs.