The Importance of Pre-Qualifying

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Even if you've not picked out houses to view yet, it's advantageous to contact your mortgage loan professional first. What for? It might be hard to understand the ways in which we can help even before you start to calculate your offer.

We Can Help You Pre-Qualify

When we pre-qualify you, we help you find out the amount in mortgage payments you can fit in your budget, and the loan amount you can qualify for. This process walks you through your finances - your debts, income, job, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

We award you a Pre-Qualification Letter if you qualify, which documents that we are confident you'll qualify for up to a certain amount of mortgage dollars.

Buying Power

Once you locate a house that is ideal for you, and you want to put together an offer, being pre-qualified for a mortgage will do a number of things. First of all, you have some concrete numbers in mind, as the amount you will qualify for with your loan. Even more important to the seller of the home, your pre-qualification letter gives them certainty - as if you had arrived at their home with a bag of cash to make the offer! They won't need to be concerned that they're wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the sway of a buyer ready to make the purchase on the spot!

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 the loan amount you will qualify for. We will accomplish this by reviewing your income and debts, your employment and housing situations, your funds available for down payment, required reserves, and other financial considerations. We require a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

It is important to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculator tools on our website. For one thing, you will need a Pre-Qualification Letter! Next, we can consider your mortgage program choices to make sure you have found the best one. Let us help you get started: Contact us at 8102292820.

Have questions about pre-qualifying? Call us at 8102292820. We answer pre-qualification questions every day.