Why Pre-Qualification is Important

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It's important to consult with your mortgage professional as soon as possible — even before you've begun researching neighborhoods. What for? When you do not yet know how much home you need to qualify for, what could we do for you?

We Can Help You Pre-Qualify

We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. In this process, we look at your borrowing power - looking at your job, available money for down payment, existing debt, income, and other areas. It is a short, thorough process with minimal risks for papercuts.

After you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which states that we are working with you to find the best loan to fit your needs and that we're confident you will qualify for a mortgage up to a certain amount.

Buying Clout

After you locate a house that meets your needs, and you want to make an offer, being pre-qualified for a loan will do a couple of things. First, it helps you know how much you're able to offer. More important to the existing home owner, your pre-qualification is like your having walked into their house with a bag full of cash ready to purchase the house! They will not need to worry that that they are wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.

We will help you with your pre-qualification

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 the pre-qualification process. During this process, we determine your ability to borrow - analyzing your earning status, available money for down payment, debts, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.

One on one

While you are able to try our mortgage calculators on this website, it is essential to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. Next, we can review your mortgage program choices to make sure you have found the best one. We're waiting to hear from you: contact us at 9722039033.

Have questions about pre-qualifying? Call us at 9722039033. Not Your Average Lender answers pre-qualifying questions every day.