Why Pre-Qualification is Important

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Even if you have not so much as narrowed down homes to view yet, it is important to contact your mortgage professional first. What for? If you do not know yet how much home you want to qualify for, how could we help?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly payments you can fit in your budget, and the size of loan you can qualify for. During the process, we calculate your borrowing power - reviewing your employment, money available for down payment, debt, income, and other circumstances. It's short and basic; We take pride in keeping the paperwork to a minimum.

After you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are partnering with you to find the right mortgage loan program to fit your needs and that we're confident you'll qualify for a mortgage loan for up to a certain amount.

Power in the Pre-Qual

Some beneifits open to you after you find your dream house, and have achieved pre-qualification power. First, it helps you know the amount that you're able to offer. Even more important to the seller of the house, your pre-qualification letter gives them confidence - as if you had come to their house with a bag of cash to back up the offer! They need not be concerned that they are wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.

We can help you pre-qualify

When we pre-qualify you, we help you determine the amount you can afford in mortgage payments you can afford, and the size of loan you will qualify for. During this process, we look at your borrowing power - analyzing your job, money available for down payment, debts, income, and other areas. It's quick and basic; and we take pride in keeping the paperwork light.

Face to Face

While you are encouraged to benefit from our mortgage calculators on our website, it is a good idea to sit down and talk with one of our mortgage professional team members. That way, we'll help you get your pre-qualification letter. For another thing, we could find a different mortgage program that fits your goals better. Contact us at 8102292820 to get started.

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