How Much Can I Borrow?
Time to make your Dreams Come True!
Step 1 – Contact SCL Mortgage
Are you ready to make your Dreams Come True as Home Owner?
You may experiment with a few loan scenarios below to give you a rough idea of how much you can borrow.
What is the difference between being Prequalified versus Preapproved for a mortgage?
Both prequalification and preapproval provide borrowers with an estimation of how much home they can afford. However, preapproval is a more official step that requires the lender to verify your financial information and credit history.
This means a preapproval is a stronger sign of what you can afford and adds more credibility to your offer than a prequalification. Without a preapproval the seller might not trust your offer is reliable and likely will not be accepted.
Contact us today and begin the journey in making your dreams come true!