Buying a house may be a tedious process, but every step of it is worth it. Finding the right home is quite a tiring task. But the real work begins once you put an offer on a home of your choice. Most renowned lenders require you to go through a mortgage loan prequalification, which usually does not hurt your credit score to get to the next step of getting the right interest rates for yourself.
Why do you need to undergo a prequalification?
The mortgage market is filled with choices. If you have a decent credit score, you will have the option of choosing any mortgage lender that you like. However, the reason why you should undergo a mortgage loan prequalification is to find out the best-suited rates and also to get an idea of what different lenders offer.
What details must you fill in order to get a prequalification?
Every major lender gives you an option of mortgage loan prequalification on their portals. You may fill the online application form and find out if you are prequalified or not. Generally, the details that you need to provide for this are:
- Loan purpose: You need to tell the lender whether you need a mortgage for a refinance or for a purchase.
- Bank account: Most lenders ask you the name and branch details of the bank you have an account in.
- Loan type: There are plenty of loan options in the market ranging from 30-year fixed mortgages to 15-year fixed mortgages along with adjustable rate options. Pick the one that suits you the most. (This may be adjusted later if some other mortgage option suits you better.)
While the aforementioned criteria are necessary to fill, here is a checklist for you to verify for prequalification and qualification:
- Your details: Name, date of birth, phone numbers, email address, mailing address, Social Security Number of the applicant and co-applicant (These may slightly differ from lender to lender.)
- Income and employment details: Your tax returns and employment details which differ for W-2 wage earners, self-employed and freelancers, and for people with real estate income.
- Assets: Your bank account statements along with information on retirement and brokerage accounts.
- Debts: Your list of existing debts which may either be monthly debt payments or real estate debt.
Additionally, you may require rent documents, divorce-related documents, bankruptcy declaration, foreclosure proofs, or down payment gift letters.
Getting a loan prequalification is very easy on online portals as long as you give the right details so that the lender may access your data and make a calculated decision by granting you a prequalification.
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Market speaks on SUV tires
Read moreKeeping abreast with the latest in the SUV tire segment will help make your tire purchase decision easier. To pick the one that is right for you, read ahead.
- All-season tires: Choose an all-season SUV tire if you’re looking for yearlong performance. These large rim diameter tires like the Yokohoma Parada Spec-X, enhances the tires’ performance and increase its versatility.
- Summer tires: General Grabber UHP and Goodyear Eagle F1 Asymmetric SUV-4×4 tires are top in the class of SUV tires providing dry and wet road performance. These summer tires are wide to enhance the traction on dry and wet roads and are not meant for use on snow or icy surfaces.
- Highway tires: In comparison to other tires, these are heavy duty tires that are used on SUVs or lights trucks for highway use. The treadwear is rib-type providing even wear on a dry as well as a wet terrain. Michelin XPS Rib and Continental Vanco 2 are best sellers in this category.
- All-season luxury tires: These tires give your luxury SUV a stylish appearance and classy comfort. All season adaptability, noise comfort on highways and traction in surfaces with up to light snow is the complete package. The top seller is Michelin Premiere LTX.
- All-season highway tires: These tires give your SUV all-season traction and comfort. They usually have independent tread blocks to give on-road and bad-weather traction. Firestone Destination LE 2 is a good choice if you’re looking for such a tire.
- All-terrain tires: The multi faceted tread blocks in these tires aid them in maneuvering through snow, soil, gravel, ice, and sand with equal ease. Tires like Goodyear Wrangler SilentArmor and Pirelli Scorpion ATR can be used all year long.
- Winter tires: Traction on snow and ice is needed to drive your SUV safely in winter. Low-temperature tread compounds are used in manufacturing tires like Bridgestone Blizzak DM-V2 and Michelin LXT winter that helps them grip on snow and ice.
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Popular Frigidaire gas cooktops under $1000
Read moreA cooktop is an essential cooking appliance for any kitchen. The equipment helps you to prepare multiple recipes at once with any hassles. For anyone who is buying a cooktop for the first time should consider important factors such as size, features, prices, cleaning, maintenance, etc. To make the most of your cooking experience, you should buy cooktops from reliable brands. If you are hunting for a high-quality cooktop at affordable prices, then you should consider buying from the label Frigidaire.
Frigidaire gas cooktops are a perfect choice for those who are looking for four or more burners. The base price starts from $399 for Frigidaire gas cooktops. However, the cheapest models are also equipped with fantastic features such as Ready-Select controls, Electronic Pilotless Ignition, color-coordinated control knob, sealed gas burners, low simmer burners, SpillSafe drip bowls, etc. If you are looking for Frigid gas cooktops under $1,000, you can check out the following variants.
- Frigidaire 30” Gas Cooktop FFGC3005LW – $399
- Frigidaire 36” Gas Cooktop FFGC3603LW – $469
- Frigidaire 36” Gas Cooktop FFGC3613LB -$519
- Frigidaire 30” Gas Cooktop FFGC3613LS – $649
- Frigidaire 30” Gas Cooktop FFGC3026SS – $799
- Frigidaire Gallery 30” Gas Cooktop FGGC3045QW – $849
- Frigidaire 36” Gas Cooktop FFGC3625LS – $899
- Frigidaire Gallery 30” Gas Cooktop FGGC3045KB – $999
You can buy any of the Frigidaire gas cooktops depending on your cooking style and budget constraints. All of these variants have sleek and classy designs which can complement all kinds of kitchens. The models mentioned above are available in three colors, i.e., white, black or stainless steel.
Apart from Frigidaire gas cooktops, you can also buy electric and induction models. However, it is to be noted that both of these types are comparatively quite expensive. The electric line starts from $799 whereas Frigidaire induction cooktops begin from $1,499. At the same time, for induction cooktops, you will need particular kinds of utensils. However, if you are interested in purchasing electric or induction cooktops from Frigidaire, then you should buy them from clearance sales or online. If you need it immediately, then buying them from e-commerce shopping sites makes more sense. The best part about making the purchase online is that you will always find discount offers. Likewise, several reputed vendors offer you with post-purchase services like free delivery and installation. However, it is necessary to first verify the authenticity of the website. You can do this by scrutinizing reviews on the Internet.
Along with cooktops if you are looking out for other home appliances, then you can peruse through Frigidaire’s popular products such as dishwashers, freezers, coffee-makers, wall ovens, blenders, washers, dryers, air purifiers, air-conditioners, and other product-related accessories.