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!

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