The Importance of Pre-Qualification

It is valuable to consult your mortgage professional as soon as possible — even before you've begun researching neighborhoods. Why? How can we help before you have made an offer, and do not yet know how much you want to borrow?

Pre-Qualify

Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During the process, we look at your borrowing potential - reviewing your job, money available for down payment, existing debt, income, and other circumstances. It's quick and basic; We keep the paperwork light.

When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are helping you to find the right loan to fit your financial needs and that we are confident you'll qualify for a mortgage for a specific amount.

Pre-Qual Power

A number of advantages open to you once you find your dream house, and have achieved pre-qualification power. The first is that you will be sure what you'll be able to afford when determining the offer. Even more important to the current owner, your pre-qualification letter gives them confidence - as if you had come to their house with a big box of cash to make the offer! They will not need to worry that that they are wasting their time if you won't be able to be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We will help you with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you will qualify for. The process outlines your financial situation - your debt, income, employment, cash available for down payment, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

It's vital to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculators on this website. For one thing, you'll want a Pre-Qualification Letter! Next, we can study your mortgage loan options to make sure you are in the best one. Let us help you get started: Call us at 303-471-4445.