Pre-qualification

What is a pre-qualification & why should you do it as a buyer?

A pre-qualification is a simple check from a bank, bond originator or lender showing the possible loan amount a borrower might be approved for, based on information provided like income, expenses and credit history.

It's not a guarantee of a bond but it gives you the buyer an idea of how much you can get as a loan. 

What documents may be needed from a buyer for a pre-qualification?

Salary, commission slips or financial statements

Bank statements

Income & expenses statement

ID copy 

Credit score check permission 

How long will it take for the pre-qualification ?

Usually up to 5 working days from submission of all documents.

Contact TEAM BILOOS to Get Pre-Qualified.