Why Pre-Qualification is Important

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It's valuable to see a mortgage professional early, even if you haven't settled on what sort of home you hope to find. Why? What can we do for you before you have negotiated a price, and don't know yet the amount you want to borrow?

Pre-Qualify

When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and how much we of a loan you can qualify for. The process takes you through your finances - your debt, income, career, and down payment money, among other things. We will require a minimum amount of paperwork, with a quick process.

When you are considered eligible, we document our confidence in your potential to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

Holding your pre-qualification letter, some advantages are yours when you locate the house you want to make an offer for. First of all, you have some general numbers in mind, as the total you can borrow. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you had come into their house with a bag of cash to make the offer! They won't have to be concerned they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. You have the ability to back your offer up.

We help with your pre-qualification

We can help you see how much of a mortgage loan you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. We can do this by reviewing your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and some other things. It's short and basic; and we keep the paperwork light.

Face to Face

You can certainly use the calculators available on this website to get an idea of how much mortgage you can afford - but it's also valuable to meet with one of our mortgage professionals. That way, we'll help you get your pre-qualification letter. For another thing, we may locate a different mortgage program that better fits your needs. Let us get you started: Call us at 5122916100.

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