Why Pre-Qualification is Important

It is important to see a mortgage loan pro early, even if you haven't decided the kind of house you hope to find. Why? When you don't yet know how much home you want to qualify for, what could we do for you?

Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. In this process, we calculate your ability to borrow - reviewing your earning status, money available for down payment, debt, income, and other areas. It's quick and basic; We take pride in keeping the paperwork light.

Once you qualify, we present to you a Pre-Qualification Letter (your real estate agent may 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 loan up to a certain amount.

Pre-Qualification Power

Holding your pre-qualification letter, some advantages are yours when you find the home you want to make an offer on. First, you have some definite numbers in mind, as the total you will qualify for with your loan. More important to the home seller, your pre-qualification is like your having entered their house with a suitcase full of money to make the deal! They will not need to be concerned that they're wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to worry about. You have the clout of a buyer ready to make the deal right now!

We can help you pre-qualify

Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We do this by considering your income and debts, your employment and residence situations, the available funds for down payment, required reserves, and some other things. It's quick and basic; and we take pride in keeping the paperwork light.

Face to Face

It is vital to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculator tools on this site. For one thing, you'll want a Pre-Qualification Letter! Then, we can make sure we have found the right mortgage program for you. Let us get you started: Call us at 866-300-1550.

Have questions about pre-qualifying? Call us at 866-300-1550. We answer pre-qualification questions every day.