Four advantages of prequalification
Getting prequalified allows you to have a better understanding of your financial health. It also saves you time and frustration in the long run.
1
Search for homes in the right price range.
Set realistic expectations by assessing your current finances.
2
Ensure your offer will be taken seriously.
Sellers have more confidence when you’ve taken the time to prequalify.
3
Gain an advantage over other buyers.
Get a leg up on other bidders in a competitive housing market.
4
Get visibility into your financial health.
You may need to lower your debt, save for a larger down payment or fix errors on your credit report.
Bank of Hawaii is here to help with each step of your homebuying journey. Our simple online prequalification process only takes a few minutes—and then you can get back to planning your dream living room.