The Importance of Pre-Qualification

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Even if you have not so much as picked out houses to visit yet, it's advantageous to contact your mortgage loan professional first. What for? What can we do for you if you have not made your offer, and do not yet know how much you want to borrow?

Pre-Qualify

We will help determine how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. During the process, we look at your ability to borrow - looking at your job, available money for down payment, existing debt, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.

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

Buying Clout

Some advantages open to you after you have found your next house, and have achieved pre-qualification power. The first is that you'll be sure what you'll be able to afford when determining the offer. Having pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a suitcase of cash! They won't have to be concerned they are wasting their time if you do not be able to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to worry about. You have the capability to back your offer up.

We will help you pre-qualify

When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can afford, and the loan amount you can qualify for. We accomplish this by considering your debts and income, your employment and housing situations, your available funds for a down payment, required reserves, and other considerations. It's short and basic; and we keep the paperwork light.

Face to Face

While you can use our tools to calculate mortgage variables on our site, it's a good idea to meet with us. We can begin working on your pre-qualification letter. Then, we'll make sure we have selected the right mortgage loan program for you. Let us help you get started: Contact us at 8165258000.

Have questions about pre-qualifying? Call us at 8165258000. We answer pre-qualification questions every day.

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