Why Pre-Qualification is Important

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Even if you've not picked out houses to visit yet, it is advantageous to visit with your mortgage professional early. What for? Perhaps it's difficult to understand the way we can help even before you begin to talk about prices and negotiations.

We Will Help You Pre-Qualify

Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In the process, we explore your borrowing power - looking at your job, available money for down payment, existing debt, income, and other areas. We require a minimum amount of paperwork, with a short,basic process.

After you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are working with you to find the right mortgage loan to fit your situation and that we are confident you will qualify for a mortgage loan for a certain amount.

Buying Clout

Various advantages open to you when you've found your new house, and have pre-qualification. First of all, you have some concrete numbers in mind, as the total you will qualify for with your mortgage loan. More important to the existing home owner, your pre-qualification is like your having walked into their house with a suitcase full of money ready to make the deal! They won't need to be concerned that they have been wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We will help you pre-qualify

We can help you calculate how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. We can accomplish this by considering your income and debts, your employment and housing situations, your available funds for a down payment, required reserves, and other financial considerations. We as for a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

While you are able to try our mortgage calculators on our site, it's essential to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. For another thing, we may be able to find a different mortgage choice that is a better fit for you. We are waiting to hear from you: contact us at (800) 974-0509.

Have questions about pre-qualifying? Call us at (800) 974-0509. It's our job to answer pre-qualification questions, so we're happy to help!