Why it's Important to Pre-Qualify

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It is important to visit with a mortgage professional first, even if you haven't settled on the kind of home to search for. What for? How can we help you if you haven't made an offer, and don't know yet the amount you need to borrow?

Pre-Qualify

We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. We can achieve this by reviewing your income and debts, your work and residence situations, your available funds for down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.

After you qualify, we present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are helping you to find the ideal mortgage loan to fit your needs and that we're confident you will qualify for a mortgage up to a certain amount.

Buying Power

Holding your pre-qualification letter, some advantages are yours when you find the house you want to make an offer on. The first is that you'll be sure the amount you'll be able to afford when calculating the offer. Even more important to the present owner, your pre-qualification letter gives them certainty - as if you'd entered their home with a bag of cash to make the offer! They won't have to wonder if they're wasting their time if you can't have the ability 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'll need.Your qualifying for your needed loan amount won't be something for them to worry about. You have the ability to back up your offer.

We can help you pre-qualify

We will help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. In this process, we look at your capacity to borrow - analyzing your job, available money for down payment, debt, income, and other circumstances. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

One-on-One

You can certainly use the calculators here on this website to get an idea of how much mortgage you will be able to afford - but it's also valuable to meet with us. That way, we'll help you get your pre-qualification letter. Then, we can make sure we have found the ideal mortgage program for you. We're eager to meet with you: contact us at 2603382561.

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