Why Pre-Qualification is Important

	Are you looking for a new mortgage loan? We'll be glad to answer your questions about our mortgage offerings! Give us a call today at 8102292820. Ready to get started? Apply Online Now.

It is valuable to visit with a mortgage professional first, even before you have determined the sort of home to look for. Why? When you don't know yet how much home you want to qualify for, how can we help?

Pre-Qualify

We will help determine how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. This process outlines your finances - your debt, income, job, and cash available for down payment, among other things. We require a minimum amount of paperwork, with a quick process.

After you are considered eligible, we will prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

Once you find the house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage will do a number of things. The first is that you will be sure the amount you'll be able to afford when determining the offer. Being pre-qualified also will make your offer look even better to the seller, as if you were bringing them a bag full of cash! They need not worry that that they're wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.

We help with your pre-qualification

When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. We will do this by considering your debts and income, your work and housing circumstances, the funds available for a down payment, required reserves, and other financial considerations. It's short and to the point; and we keep the paperwork to a minimum.

Face to Face

While you are encouraged to use our mortgage calculators on our site, it is a good idea to sit down and talk with one of our mortgage professional team members. We can begin getting your pre-qualification letter. Then, we'll make sure we have the ideal mortgage program for your situation. We're waiting to meet with you: contact us at 8102292820.

Have questions about pre-qualifying? Call us at 8102292820. ADVISORY MORTGAGE answers pre-qualifying questions every day.