The Importance of Pre-Qualifying

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It is valuable to consult your mortgage professional as soon as possible — even before you've started narrowing down neighborhoods. Why? If you don't know yet how much home you want to qualify for, how could we help?

Pre-Qualify

When we pre-qualify you, we help you decide the amount in mortgage payments you can fit in your budget, and the size of loan you will qualify for. We can accomplish this by analyzing your income and debts, your employment and residence circumstances, your funds available for down payment, required reserves, and other considerations. We require a minimum amount of paperwork, with a short,basic process.

When you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are working with you to find the best loan program to fit your financial needs and that we're confident you will qualify for a mortgage loan for a specific amount.

Buying Power

Various advantages open to you once you find your dream house, and have pre-qualification power. First, it lets you know how much you are able to offer. Even more important to the seller, 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 have to wonder if they are wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We will help you with your pre-qualification

When we pre-qualify you, we help you find out how much of a monthly payment you can afford, and how much we of a loan you can qualify for. We will achieve this by analyzing your debts and income, your work and residence situations, the available funds for down payment, required reserves, and other considerations. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.

Face to Face

While you are able to try our tools to calculate mortgage variables on this site, it is essential to sit down and talk with one of our mortgage professional team members. We can walk you through your pre-qualification letter. Then, we can make sure we have the right mortgage loan program for you. Let us help you get started: Contact us at 9043423622.

Have questions about pre-qualifying? Call us at 9043423622. We answer pre-qualification questions every day.