The Importance of Pre-Qualification

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Even if you have not narrowed down houses to visit yet, it's important to contact your mortgage pro early. What for? When you do not know yet how much house you want to qualify for, how can we help?

Pre-Qualify

We will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. In the process, we explore your borrowing power - looking at your earning status, money available for down payment, existing debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

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

Buying Clout

After you find a house that catches your eye, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. First, it lets you know how much you are able to offer. More important to the home seller, your pre-qualification is like your having entered their house with a suitcase full of cash ready to make the deal! They won't need to be concerned that they have been wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to worry about. They have a virtual guarantee that they can trust your ability to back up your offer.

We can 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 can qualify for. This process leads you through your finances - your debt, income, career, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.

One on one

It is important to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculators on our website. For one thing, you'll want a Pre-Qualification Letter! Next, we can consider your mortgage choices to be sure you have selected the right one. Let us help you get started: Call us at 6507631924.

Have questions about pre-qualifying? Call us at 6507631924. It's our job to answer pre-qualification questions, so we're happy to help!