Why Pre-Qualification is Important

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It is important to see a mortgage loan pro first, even if you haven't settled on what type of house you hope to find. Why? What can we do for you before you have negotiated a purchase amount, and don't yet know how much you need to borrow?

Pre-Qualify

When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. We can do this by considering your debts and income, your work and housing circumstances, your available funds for down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a quick process.

Once 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 known as a "pre-qual").

Buying Power

Holding your pre-qualification letter, several advantages fall at your feet when you locate the house you want to make an offer on. The first is that you will be sure the amount you will be able to afford when putting together the offer. More important to the current home owner, your being pre-qualified is like your having entered their house with a bag full of money ready to make the deal! They won't have to be concerned they are wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller of the home won't worry 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 lose sleep over. They have a virtual guarantee to trust your buying power.

We will help you with your pre-qualification

When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and how much we of a loan you will qualify for. The process takes you through your financial situation - your debt, income, job, cash available for down payment, among other things. It's short and basic; and we keep the paperwork to a minimum.

One-on-One

While you are encouraged to benefit from our mortgage calculators on this website, it's a good idea to meet with us. We can begin working on your pre-qualification letter. Next, we can consider your mortgage program options and be sure you have chosen the best one. We are waiting to meet with you: call us at 8102292820.

Have questions about pre-qualifying? Call us at 8102292820. It's our job to answer pre-qualification questions, so we're happy to help!