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Here’s one of the most important questions in the home buying process: “How much can I really afford?” One way to find the answer is to get a free prequalification from ESL. It’s definitely one of the smartest moves you can make when you’re getting ready to find your next home.

Prequalification may sound complicated. But it’s really a simple, two-step process.

Number One - Think about your overall financial situation and determine the amount you can afford to pay for a mortgage in your monthly budget.

Number Two - Work with our expert mortgage team to get an estimate of the maximum mortgage you will probably qualify for. With those helpful financial guidelines in mind, you’ll be ready to start shopping for a great new home that will fit your lifestyle … and your budget.

  • Budgeting Basics

    Budgeting isn’t about pinching pennies. It’s about getting control of your finances. Understanding the big picture. And making purchase decisions that stay firmly within the “affordable” zone.

    That’s why it plays such an important role in the home-buying process. After all, you want to end up with an affordable mortgage that will fit your budget, month after month, year after year.

    So make sure you set a realistic budget before you start house hunting. It’s one of the keys to home buying success. 

    Learn Budgeting tips and tools to set goals, build a budget, stick to it, and keep track.

  • Prequalification

    Here’s some great news!

    When you work with ESL to estimate the maximum mortgage amount you may qualify for, there’s no charge. Which is all the more reason to go through the simple, straightforward prequalification process before you begin your house hunting expedition.

    Key Details to Remember

    • Prequalification is completely free at ESL.
    • Prequalification lets you know quickly how much you can afford without going through the preapproval process.
    • The prequalification process is based on the information you provide verbally about your income and assets—it will also involve a credit check.
    • Since prequalification doesn’t involve a comprehensive financial review, there is no guarantee you will receive a mortgage preapproval or loan commitment after you complete the process

    Bottom line? 

    The free prequalification process at ESL will save you time. And help you find a home that will truly fit your budget.

  • Preapproval

    Getting prequalified is a great first step in the home-buying process to let you know the maximum mortgage you may qualify for. But it’s different from the preapproval process, which is more extensive and provides you with mortgage loan terms and conditions you are likely to qualify for when you complete a mortgage application with us.  

    Here are some of the important details to remember:

    • The preapproval process may require more information and/or documentation.
    • Preapprovals are based on our analysis of your credit report and information you may provide us, such as verification of income.​
    • A preapproval is not a formal mortgage commitment but includes loan terms and conditions that show sellers you’re serious. 
    • There is no fee for this service.

    So if you’re looking for more loan details and are not ready to formally apply for a mortgage—the preapproval process is definitely the way to go.

    Learn more about the differences between preapproval and prequalification.

  • Contact Us

    Have a question? Want more information?

    • Call 585.336.1502 or 800.352.6669, x1502, to speak with a helpful member of our Mortgage Team today.
    • Complete this form, and we’ll contact you at a time that’s convenient for you.


We have answers.