Edward Shinnchang Lin
Sr. Account Executive
3 Pointe Drive Suite 120,
Brea, CA 92821
LicensesNMLS ID 364971
A Smart Place to Start
Mortgage prequalification is an assessment of whether your debt-to-income ratio fits AmWest Funding guidelines for home loans. It also provides an estimate of how much you may be able to borrow - a good first step in your house-hunting journey.
While this number is informative, keep in mind how much you may qualify to borrow is often more than how much you can afford to spend on your new home and still have money left over for the other important things in your life; like furniture for your new home.
It isn't a true application and your credit history doesn't factor into your prequalification. Even so, you should be aware that when you apply for a mortgage, your credit score will affect your ability to qualify. If you have concerns about your credit history, talk to your mortgage loan originator now to find out what options might be available to you.
You can prequalify online or by talking to a mortgage loan originator.