Why Pre-Qualification is Important

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Even if you have not narrowed down houses to view yet, it is important to see your mortgage loan professional first. What for? What can we do for you if you haven't made your offer, and don't know yet how much you want to borrow?

We Will Help You Pre-Qualify

Our mortgage professionals will help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. In the process, we calculate your ability to borrow - reviewing your job, available money for down payment, debt, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork to a minimum.

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

Buying Power

Armed with your pre-qualification letter, several advantages fall at your feet at the point you find the house you want to put together an offer for. First of all, you have some general numbers in mind, as the amount you will be able to borrow. Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you had arrived at their home with a suitcase of cash to make the offer! They need not be concerned that they are wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to worry about. You have the ability to back up your offer.

We will help you pre-qualify

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. During the process, we look at your borrowing potential - analyzing your earning status, available money for down payment, debt, income, and other areas. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.

One-on-One

It's vital for you to sit down and meet with us, even though you are free to also try the helpful mortgage calculator tools on our site. We can begin working on your pre-qualification letter. For another thing, we may be able to find a different mortgage option that is a better fit for you. We are waiting to meet with you: call us at 5122916100.

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