The Importance of Pre-Qualifying

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It is important to visit with a mortgage professional early, even if you haven't decided what type of home you hope to find. What for? Perhaps it's difficult to understand how we can help even before you begin to negotiate.

Pre-Qualify

Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We do this by considering your debts and income, your work and residence situations, your available funds for down payment, required reserves, and some other things. It's short and to the point; We keep the paperwork light.

After you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which states that we are partnering with you to find the right loan program to fit your financial needs and that we are confident you'll qualify for a loan up to a certain amount.

Pre-Qualification Power

Holding your pre-qualification letter, a number of advantages are yours at the point you find the house you want to put together an offer for. First, it lets you know the amount that you're able to offer. Having pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a suitcase full of cash! They need not wonder if that they are wasting their time if you can't be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary 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 pre-qualify

When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can fit in your budget, and the loan amount you can qualify for. We will achieve this by reviewing your debts and income, your work and housing circumstances, the available funds for a down payment, required reserves, and other considerations. We require a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

It is vital to sit down and meet with us, even though you are free to also use the helpful mortgage calculator tools on our website. We can begin working on your pre-qualification letter. Then, we will make sure we have the best mortgage program for your situation. Let us get you started: Contact us at 2603382561.

Have questions about pre-qualifying? Call us at 2603382561. We answer pre-qualification questions every day.