Why Pre-Qualification is Important

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Even if you haven't so much as researched homes to view yet, it can be valuable to visit with your mortgage loan professional early. Why? If you do not yet know how much home you need to qualify for, what can we help you with?

Pre-Qualify

We can help you calculate the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In the process, we look at your borrowing power - analyzing your earning status, money available for down payment, debts, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.

Once you qualify, we give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that documents the fact that we are helping you to find the right mortgage loan to meet your financial needs and that we're confident you'll qualify for a loan for up to a certain amount.

Buying Power

Once you find the house that is right for you, and you decide to put together an offer, being pre-qualified for a loan will do several things. The first is that you will be sure what you can afford when determining the offer. More important to the home seller, your being pre-qualified is like your having entered their house with a suitcase full of money to make the deal! They will not need to be concerned they're wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to be concerned about. You will have the sway of a buyer ready to make the purchase on the spot!

We can help you pre-qualify

We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. The process outlines your financial situation - your debts, income, job, cash available for down payment, among other things. It's short and to the point; and we take pride in keeping the paperwork light.

One on one

It is vital for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculator tools on this site. That way, we will be able to help you get your pre-qualification letter. Next, we can consider your loan options and make sure you have chosen the best one. We are waiting to hear from you: contact us at 6106475454.

Have questions about pre-qualifying? Call us at 6106475454. We answer pre-qualification questions every day.