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PreQualification Station
PreQualification Station Vs. MortQ Mortgage Qualifier

PreQualification Station vs MortQ Mortgage Qualifier Usage & Stats

The PreQualification Station App connects Home Buyers & Realtors with Loan Officers to learn which home loan they can pre-qualify for when searching for a home to purchase. If a home buyer is pre-qualified, they can print an official Pre-Approval letter to use when placing an offer on a house. ThePreQualification Station allows all 3 parties (home buyer, loan officer, real estate agent) to track the progress of the home loan application process as the Home Buyer meets the milestones and conditions required to get final approval. The App allows Home Buyer to: - Use our Mortgage Calculator to determine an exact monthly mortgage payment - Use the Mortgage Calculator to see if you are qualified for a loan amount - Use the Mortgage Calculator to see which home loan types you are eligible for - Print a Pre-Approval Letter to use when making an offer on a Home - Use the Milestones tool to track your Home Loan Application progress - Use the Conditions tool to submit items to your Loan Officer to meet your loan qualifications - Contact your Loan Officer or Realtor quickly and easily The App allows Realtors (for Buyers & Sellers) to: - Review your home buyer's financials - Use the Calculator to determine how much of a home they can afford before scheduling a showing - Use the Mortgage Calculator to see which home loan types they qualify for - Use the Milestones tool to track their Home Loan Application progress - Use the Conditions tool to track your client's progress - Contact the Loan Officer

Apple App Store
Free
Finance

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MortQ Mortgage Qualifier

MortQ is a mortgage payment calculator designed by a real estate professional to quickly calculate the metrics used by lenders and cooperative apartment boards to qualify real estate purchasers. MortQ provides access to a table of current mortgage rates that can be selected, or users can enter their own rates. In addition to mortgage rate, term and principal amount, users can also enter other relevant monthly expense data and annual income data to calculate a monthly debt to income ratio (DTI) - a key factor in determining one's ability to borrow for and purchase a home. There are no advertisements in MortQ and no data is uploaded from your phone. All data entered is stored locally on your mobile device so that specific values can be changed for different property prices, mortgage rates, etc. A complete analysis detailing input data, after-purchase liquidity amounts, and estimated after-tax monthly payments can be emailed to save a text version of the app’s output. Each analysis can be stored as a separate MortQ data file to provide quick access to various property, income or rate scenarios.