The Importance of Pre-Qualification

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It can be valuable to visit with a mortgage professional early, even before you have decided what type of house you hope to find. Why? It might be hard to fathom the ways in which we could help even before you start to talk about prices and negotiations.

We Will Help You Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly payments you can fit in your budget, and the loan amount you will qualify for. In the process, we calculate your borrowing capacity - reviewing your employment, money available for down payment, debt, income, and other circumstances. We require a minimum amount of paperwork, with a quick process.

When you are determined to be eligible, we will prove our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Several beneifits open to you when you find your next house, and have pre-qualification power. First, you have some definite numbers in mind, as the amount you will be able to borrow. Your pre-qualification also will make your offer look even better to the home seller, like you were bringing them a suitcase full of cash! They need not worry that that they are wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the capability to back your offer up.

We help with your pre-qualification

We will help determine how much of a mortgage loan you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. In this process, we determine your borrowing potential - analyzing your job, available money for down payment, debt, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

While you are able to benefit from our mortgage calculators on our website, it's a good idea to meet with us. We can begin working on your pre-qualification letter. Then, we'll make sure we have the best mortgage loan program for your situation. Let us help you get started: Call us at (260) 338-2561.

Have questions about pre-qualifying? Call us at (260) 338-2561. It's our job to answer pre-qualification questions, so we're happy to help!

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