Why it's Important to Pre-Qualify

Shopping for a mortgage? We'd be thrilled to discuss our mortgage offerings! Call us at (512) 291-6100. Want to get started? Apply Now.

Even if you have not researched homes to view yet, it is important to contact your mortgage pro first. Why? Perhaps it's hard to understand the way we could help even before you begin to talk about prices and negotiations.

We Can Help You Pre-Qualify

We will help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We accomplish this by reviewing your income and debts, your employment and residence circumstances, the available funds for a down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.

Once you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Holding your pre-qualification letter, some advantages fall at your feet at the point you locate the home you want to put together an offer for. First, you have some concrete numbers in mind, as the amount you will qualify for with your loan. Having pre-qualification can also make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They won't need to worry that they're wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. You can have the clout of a buyer ready to make the purchase right now!

We can help you pre-qualify

We can help you calculate how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. During the process, we explore your borrowing capacity - looking at your earning status, available money for down payment, debt, income, and other areas. It's short and to the point; and we keep the paperwork light.

One on one

It's important to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage calculators on this website. We can walk you through your pre-qualification letter. Next, we can consider your mortgage choices to be sure you are in the right one. Let us get you started: Contact us at (512) 291-6100.

Have questions about pre-qualifying? Call us at (512) 291-6100. Southwest Funding #841 answers pre-qualifying questions every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

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