Get an easy-to-use loan qualification tool that saves you time and hassle by determining your eligible loan amount before filling out any application.
Mortgage Prelude is an intuitive and easy-to-use software program that can save you a tremendous amount of time and hassle when applying for a loan. With the Fannie Mae Guidelines built directly into the software, you can determine how much of a loan you are qualified for before ever filling out an application. This pre-qualification system is not only accurate but can guide you through the process of obtaining a loan as quickly and easily as possible.
Whether you need to compute your monthly payments, evaluate your total closing costs, estimate your interest rates or create an amortization schedule, Mortgage Prelude has got you covered. The program can also help you analyze and potentially qualify for a specific type of loan, making the entire process much more straightforward and convenient.
Using the industry standards set by Fannie Mae, Mortgage Prelude can help ensure that your loan fits those standards so that your lender can sell your loan on the secondary market. As the two largest buyers in the market, Fannie Mae and Freddie Mac set the bar for home loans for the entire industry.
One of the most important factors in qualifying for a loan is known as the "Qualifying Ratios." Mortgage Prelude takes this into account and provides the necessary calculations and displays them directly on the main screen. With this information, you can instantly determine not only how much your monthly payment will be and how much interest you will pay, but also whether or not you qualify for a loan according to Fannie Mae's current guidelines.
Overall, Mortgage Prelude is an incredibly useful and powerful software program that can make the loan application process much easier, quicker, and more convenient. With its intuitive features and built-in guidelines, it's an excellent choice for anyone looking to apply for a loan with ease.
Whether you need to compute your monthly payments, evaluate your total closing costs, estimate your interest rates or create an amortization schedule, Mortgage Prelude has got you covered. The program can also help you analyze and potentially qualify for a specific type of loan, making the entire process much more straightforward and convenient.
Using the industry standards set by Fannie Mae, Mortgage Prelude can help ensure that your loan fits those standards so that your lender can sell your loan on the secondary market. As the two largest buyers in the market, Fannie Mae and Freddie Mac set the bar for home loans for the entire industry.
One of the most important factors in qualifying for a loan is known as the "Qualifying Ratios." Mortgage Prelude takes this into account and provides the necessary calculations and displays them directly on the main screen. With this information, you can instantly determine not only how much your monthly payment will be and how much interest you will pay, but also whether or not you qualify for a loan according to Fannie Mae's current guidelines.
Overall, Mortgage Prelude is an incredibly useful and powerful software program that can make the loan application process much easier, quicker, and more convenient. With its intuitive features and built-in guidelines, it's an excellent choice for anyone looking to apply for a loan with ease.
What's New
Version 2.6.5.000: Updated graphics to enhance the presentation.