Why Pre-Qualification is Important

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It is helpful to consult your mortgage loan professional as soon as possible — even before you have started to consider neighborhoods. Why? What can we do for you before you have made your offer, and do not yet know how much you want to borrow?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. We can do this by analyzing your debts and income, your work and residence circumstances, your available funds for down payment, required reserves, and other considerations. It is a quick, thorough process with minimal risks for papercuts.

We will award you a Pre-Qualification Letter when you qualify, that states that we're confident you will qualify for up to a certain amount of mortgage dollars.

Power in the Pre-Qual

When you locate the house that catches your eye, and you decide to put together an offer, being pre-qualified for a loan will do several things. The first is that you can be sure the amount you can afford when putting together the offer. Even more important to the seller of the home, your pre-qualification gives them certainty - as if you had come into their house with a bag of cash to make the offer! They will not have to worry that that they're wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We can help you pre-qualify

We will help you find out the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We will achieve this by reviewing your debts and income, your employment and housing situations, your available funds for a down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.

One on one

You can always use the calculators available on our site to calculate how much mortgage you'll be able to afford - but it's also essential to talk with us. That way, we'll help you get your pre-qualification letter. Then, we can make sure we have chosen the right mortgage loan program for you. We are waiting to hear from you: contact us at 5122916100.

Have questions about pre-qualifying? Call us at 5122916100. Southwest Funding #841
Company NMLS # 303440 answers pre-qualifying questions every day.