Why it's Important to Pre-Qualify

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It is valuable to consult with your mortgage loan professional early — even before you have started researching neighborhoods. What for? Maybe it's hard to understand the ways in which we could help even before you begin to negotiate.

Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and how much we of a loan you can qualify for. We achieve this by analyzing your income and debts, your work and housing situations, your funds available for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.

Once you qualify, we give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are helping you to find the ideal loan program to fit your financial needs and that we're confident you'll qualify for a mortgage loan for up to a certain amount.

Buying Power

A number of advantages open to you once you've found your next house, and have pre-qualification power. First, it helps you know how much you are able to offer. Of greater importance to the home seller, your being pre-qualified is like your having entered their house with a suitcase full of cash ready to purchase the house! They will not need to wonder if that they're wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to fret over. You have the capability to back up your offer.

We help with your pre-qualification

Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. The process takes you through your current financial situation - your debts, income, job, down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.

One on one

While you are encouraged to try our mortgage calculators on this website, it will be a good idea to sit down and talk with us. That way, we can help you get your pre-qualification letter. Then, we can make sure we have selected the right mortgage program for your situation. We are eager to hear from you: contact us at 5122916100.

Have questions about pre-qualifying? Call us at 5122916100. We answer pre-qualification questions every day.