The Importance of Pre-Qualification

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It can be valuable to visit with a mortgage professional early, even if you haven't settled on what sort of house you hope to find. What for? Perhaps it is hard to fathom the way we can help even before you start to negotiate.

Pre-Qualify

We will help you see 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. This process takes you through your finances - your debts, income, career, and down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.

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

Power in the Pre-Qual

Armed with your pre-qualification letter, several advantages fall at your feet once you find the home you want to put together an offer for. The first is that you will be sure what you can afford when determining your offer. Being pre-qualified can also make your offer more attractive to the seller, like you were bringing them a big box of cash! They won't have to wonder if they're wasting their time if you won't be able to be able to qualify for a big enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't cause them concern. They have a virtual guarantee that they can trust your buying power.

We will help you with your pre-qualification

We can help you find out the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. This process outlines your finances - your debts, income, career, down payment money, among other things. It's quick and to the point; and we keep the paperwork light.

One on one

While you are encouraged to try our tools to calculate mortgage variables on this site, it will be a good idea to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. For another thing, we may locate a different mortgage program that is a better fit for you. We're eager to meet with you: call us at 561-373-4149.

Have questions about pre-qualifying? Call us at 561-373-4149. It's our job to answer pre-qualification questions, so we're happy to help!


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