Why Pre-Qualification is Important

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It's helpful to consult your mortgage loan professional early — even before you've started to consider neighborhoods. What for? Perhaps it's difficult to fathom how we could help even before you begin to negotiate.

Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly payments you can fit in your budget, and the loan amount you can qualify for. We will achieve this by reviewing your income and debts, your employment and residence situations, the funds available for down payment, required reserves, and other considerations. It is a quick, thorough process with minimal risks for papercuts.

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

Buying Clout

After you find a house that is right for you, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. First, it helps you know how much you are able to offer. Even more important to the seller of the home, your pre-qualification letter gives them confidence - as if you'd arrived at their house with a big box of cash to make the offer! They will not have to worry that that they have been wasting their time if you can't 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 your needed mortgage loan amount won't be something for them to worry about. They have a virtual guarantee that they can trust your buying power.

We help with your pre-qualification

Our mortgage professionals will help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We do this by considering your income and debts, your employment and residence circumstances, the available funds for down payment, required reserves, and some other things. It's short and to the point; and we keep the paperwork light.

One-on-One

You can always use the mortgage calculators here on our site to calculate the size mortgage you can afford - but it's also important to meet with us. That way, we can help you get your pre-qualification letter. Then, we can make sure we have the best mortgage program for you. We are waiting to meet with you: contact us at 4056158543.

Have questions about pre-qualifying? Call us at 4056158543. It's our job to answer pre-qualification questions, so we're happy to help!