Why Pre-Qualification is Important

It's valuable to consult with your mortgage professional early — even before you have started to research neighborhoods. Why? Perhaps it's hard to understand the ways in which we could help even before you begin to calculate your offer.

Pre-Qualify

When we pre-qualify you, we help you figure out the amount in monthly payments you can afford, and the loan amount you will qualify for. We can do this by analyzing your income and debts, your work and housing circumstances, your available funds for down payment, required reserves, and other considerations. We require a minimum amount of paperwork, with a quick process.

We will award you a Pre-Qualification Letter after you qualify, that states that we're confident you will qualify for up to a specific amount of mortgage dollars.

Pre-Qual Power

Once you locate the house that is best for you, and you want to put together an offer, being pre-qualified for a mortgage will do several things. First, you have some definite numbers in mind, as the total you will qualify for with your mortgage loan. Of greater importance to the current home owner, your being pre-qualified is like your having walked into their house with a bag full of money to make the deal! They will not need to wonder if that they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller 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 mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.

We will help you with your pre-qualification

When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the loan amount you will qualify for. We can accomplish this by analyzing your income and debts, your work and housing situations, the available funds for a down payment, required reserves, and other considerations. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

You can always use the mortgage calculators available on this site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with us. We can walk you through your pre-qualification letter. For another thing, we may find a different mortgage option that better fits your needs. Let us get you started: Contact us at 866-300-1550.

Have questions about pre-qualifying? Call us at 866-300-1550. It's our job to answer pre-qualification questions, so we're happy to help!