Why Pre-Qualification is Important

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It's valuable to bring in your mortgage loan professional early — even before you have begun narrowing down neighborhoods. What for? When you do not yet know how much house you need to qualify for, what can we do for you?

Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly mortgage payments you can afford, and the loan amount you can qualify for. We do this by considering your income and debts, your work and residence situations, your available funds for a down payment, required reserves, and other considerations. It's a short, thorough process with minimal risks for papercuts.

When you qualify, will give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact that we are helping you to find the right loan program to meet your situation and that we are confident you'll qualify for a mortgage up to a specific amount.

Power in the Pre-Qual

When you locate a house that is ideal for you, and you decide to put together an offer, being pre-qualified for a mortgage loan will do several things. The first is that you'll be sure the amount you'll be able to afford when determining your offer. Of greater importance to the home seller, your pre-qualification is like your having entered their house with a suitcase full of money ready to purchase the home! They need not wonder if that they have been wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to worry about. You have the capability to back your offer up.

We help with your pre-qualification

We will help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. In the process, we explore your borrowing power - looking at your employment, available money for down payment, debt, income, and other areas. It's short and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

It is important for you to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculator tools on our site. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have selected the best mortgage program for your situation. Contact us at 8102292820 to get started.

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