--- title: Why Getting Prequalified for a Mortgage Is So Important description: If you’re house-hunting, getting prequalified for your mortgage is important. It will help you understand how much house you can afford. image: https://blog.avadiancu.com/hubfs/Q3%202021%20Mortgage/Blog_GetPrequalified.jpg --- [Skip to main content](https://blog.avadiancu.com/getting-prequalified-for-a-mortgage-is-so-important#maincontent) # Why Getting Prequalified for a Mortgage Is So Important If you’re house-hunting, getting prequalified for your mortgage is important. First, it will help you understand how much house you can afford. Take it from us: You don’t want to fall in love with a house only to learn you can’t afford it. ![Blog_GetPrequalified](https://blog.avadiancu.com/hs-fs/hubfs/Q3%202021%20Mortgage/Blog_GetPrequalified.jpg?width=509&name=Blog_GetPrequalified.jpg) Second and perhaps most importantly, it’ll also tell a potential seller that you already have financing lined up. In today’s market, it’s almost essential. With many homes receiving multiple offers, sellers are likely only going to take “clean” offers, and that certainly includes being prequalified. So, before you head out to visit your future home, take the time to get prequalified. To get the process going, your lender will ask you for several documents and personal information for each person whose name is on the loan: - Birthdate - Social Security Number - Copy of driver’s licenses - Copy of at least two most recent pay stubs - Copy of W-2 forms - Two-year residence history - Statements from your financial institution for the last two to three months - Copies of tax returns for the last two years (for self-employed borrowers or those with rental properties) - Copy of divorce decree/property settlement, if applicable Ready to get started? 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