Why Pre-Qualification is Important

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Even if you haven't narrowed down houses to visit yet, it can be valuable to see your mortgage pro first. Why? Perhaps it's hard to fathom how we can help even before you start to talk about prices and negotiations.

Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and how much we of a loan you can qualify for. We can achieve this by considering your income and debts, your employment and residence circumstances, the available funds for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.

After you qualify, we give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are partnering with you to find the best loan program to meet your financial needs and that we are confident you will qualify for a mortgage for a certain amount.

Pre-Qualification Power

Once you find the house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do a couple of things. First, it helps you know the amount that you're able to offer. Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you'd arrived at their house with a suitcase of cash to make the offer! They won't have to be concerned they are wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the capability to back your offer up.

We will help you with your pre-qualification

We will help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. We achieve this by considering your debts and income, your employment and residence situations, your funds available for a down payment, required reserves, and some other things. We as for a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

It is vital to sit down and talk with us, even though you are free to also use the helpful mortgage calculators on this site. That way, we will be able to help you get your pre-qualification letter. Then, we will make sure we have the ideal mortgage program for your situation. Let us get you started: Call us at 4058634122.

Have questions about pre-qualifying? Call us at 4058634122. We answer pre-qualification questions every day.