The Importance of Pre-Qualification

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It is important to consult with your mortgage professional early — even before you've started to research neighborhoods. Why? How can we help you if you haven't made your offer, and do not know yet the amount you need to borrow?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly payments you can afford, and the loan amount you will qualify for. During the process, we look at your borrowing capacity - reviewing your job, available money for down payment, debt, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.

We'll give you a Pre-Qualification Letter when you qualify, that says that we are confident you will qualify for a certain amount of mortgage loan dollars.

Power in the Pre-Qual

Various advantages open to you when you have found your new house, and have achieved pre-qualification power. First, you have some concrete numbers in mind, as the amount you will qualify for with your mortgage loan. Of greater importance to the home seller, your being pre-qualified is like your having walked into their house with a suitcase full of money to purchase their house! They need not worry that they are wasting their time if you don't be able 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 mortgage loan amount will not be something for them to worry about. You have the capability to back up your offer.

We will help you pre-qualify

We can help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. This process walks you through your financial situation - your debt, income, career, down payment money, among other things. We will ask for a minimum amount of paperwork, with a short, basic process.

One-on-One

You can certainly use the mortgage calculators here on this site to get an idea of how much mortgage you can afford - but it's also valuable to meet with one of our mortgage professionals. For one thing, you will need a Pre-Qualification Letter! Next, we can review your loan choices and make sure you have selected the best one. Let us get you started: Contact us at 8102292820.

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