The Importance of Pre-Qualifying

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Even if you've not picked out homes to visit yet, it can be important to visit with your mortgage professional early. Why? If you do not know yet how much house you need to qualify for, how could we help?

Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly mortgage payments you can afford, and the loan amount you can qualify for. In this process, we determine your capacity to borrow - analyzing your job, money available for down payment, debts, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.

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

Power in the Pre-Qual

A number of advantages open to you after you find your dream house, and have pre-qualification. First, it helps you know the amount that you're able to offer. Of greater importance to the seller, your being pre-qualified is like your having entered their house with a suitcase full of cash ready to make the deal! They will not need to worry that that they're wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't cause them concern. You can have the clout of a buyer ready to make the deal right now!

We will help you pre-qualify

We will help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. The process outlines your current financial situation - your debts, income, career, cash available for down payment, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

While you can benefit from our tools to calculate mortgage variables on our website, it will be a good idea to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. Next, we can study your mortgage options and make sure you have selected the right one. Let us get you started: Call us at 2603382561.

Have questions about pre-qualifying? Call us at 2603382561. It's our job to answer pre-qualification questions, so we're happy to help!