The Importance of Pre-Qualifying

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It is helpful to consult your mortgage professional early — even before you have started researching neighborhoods. What for? What can we do for you before you have made an offer, and don't know yet how much you want to borrow?

Pre-Qualify

We can help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. We accomplish this by considering your income and debts, your work and housing situations, your available funds for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.

After you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are partnering with you to find the right loan program to fit your financial needs and that we're confident you will qualify for a mortgage for a certain amount.

Power in the Pre-Qual

After you locate a house that meets your needs, and you decide to make an offer, being pre-qualified for a loan will do several things. The first is that you can be sure what you'll be able to afford when determining the offer. Having pre-qualification can also make your offer more attractive to the seller, as if you were bringing them a suitcase of cash! They will not have to worry that they are 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 the necessary loan amount will not be something for them to fret over. They have a virtual guarantee to trust your buying power.

We will help you pre-qualify

We can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. The process outlines your finances - your debt, income, career, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.

One-on-One

While you can benefit from our mortgage calculators on our site, it's a good idea to sit down and talk with one of our mortgage professional team members. We can work toward your pre-qualification letter. For another thing, we may be able to find a different mortgage program that fits your goals better. Contact us at 3103737406 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 3103737406. It's our job to answer pre-qualification questions, so we're happy to help!