The Importance of Pre-Qualification

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Even if you've not so much as narrowed down homes to view yet, it can be important to see your mortgage professional first. Why? It might be difficult to fathom the ways in which we could help even before you begin to calculate your offer.

We Will Help You Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the loan amount you can qualify for. We do this by reviewing your debts and income, your employment and housing circumstances, the available funds for a down payment, required reserves, and other considerations. We ask for a minimum amount of paperwork, and avoid a lengthy process.

Once you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are helping you to find the right mortgage loan program to meet your situation and that we are confident you'll qualify for a mortgage up to a specific amount.

Buying Power

Armed with your pre-qualification letter, a number of advantages fall at your feet once you find the house you want to put together an offer for. The first is that you will be sure the amount you'll be able to afford when calculating your offer. Being pre-qualified also will make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They will not need to be concerned that they have been wasting their time if you don't be able 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 loan amount will not cause them concern. You have the ability to back your offer up.

We can help you pre-qualify

When we pre-qualify you, we help you decide the amount you can afford in monthly mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. In this process, we look at your borrowing power - analyzing your job, money available for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

One on one

It's important to sit down and talk with us, even though you are free to also use the helpful mortgage calculators on this website. We can begin getting your pre-qualification letter. For another thing, we could be able to locate a different mortgage program that is a better fit for you. We're waiting to hear from you: contact us at 9722039033.

Have questions about pre-qualifying? Call us at 9722039033. It's our job to answer pre-qualification questions, so we're happy to help!