The Importance of Pre-Qualification


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It is important to visit with a mortgage professional early, even before you've determined what type of house you hope to find. Why? If you don't know yet how much house you need to qualify for, what could we do for you?

Pre-Qualify

We can help you find out the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. The process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. It's short and to the point; We take pride in keeping the paperwork light.

After you qualify, will present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that says that we are helping you to find the right mortgage loan to fit your situation and that we are confident you will qualify for a loan up to a certain amount.

Power in the Pre-Qual

A number of beneifits open to you when you find your dream house, and have pre-qualification. First, it lets you know the amount that you can offer. Even more important to the seller, your pre-qualification gives them confidence - as if you'd entered their home with a big box of cash to back up the offer! They will not have to worry 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 be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You can have the influence of a buyer ready to make the deal right now!

We help with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can afford, and the loan amount you will qualify for. In the process, we explore your capacity to borrow - looking at your earning status, available money for down payment, debts, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.

One on one

You can always use the mortgage calculators available on this site to get an idea of how much mortgage you can afford - but it's also important to talk with us. We can begin getting your pre-qualification letter. Next, we can study your mortgage loan choices to be sure you are in the best one. Contact us at 5613734149 to get your pre-qualification process started.