The Importance of Pre-Qualifying

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Even if you have not researched homes to view yet, it's valuable to contact your mortgage professional first. Why? If you don't yet know how much home you want to qualify for, what could we do for you?

We Will Help You Pre-Qualify

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

At the point 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 called a "pre-qual").

Buying Power

With your pre-qualification letter, some advantages fall at your feet once you locate the house you want to put together an offer for. The first is that you'll know the amount you will be able to afford when putting together the offer. Of greater importance to the seller, your being pre-qualified is like your having entered their house with a suitcase full of cash ready to make the deal! They will not have to worry that that they are wasting their time if you don't have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the ability to back your offer up.

We will help you with your pre-qualification

Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We accomplish this by considering your debts and income, your employment and residence circumstances, your funds available for a down payment, required reserves, and other financial considerations. It's short and basic; and we keep the paperwork light.

Face to Face

You can certainly use the mortgage calculators here on this site to get an idea of how much mortgage you can afford - but it's also valuable to talk with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! Then, we can make sure we have the right mortgage loan program for you. Contact us at 5613734149 to get started.

Have questions about pre-qualifying? Call us at 5613734149. We answer pre-qualification questions every day.