The Importance of Pre-Qualification

It can be valuable to see a mortgage loan pro early, even if you haven't decided the sort of house to look for. What for? If you don't know yet how much home you want to qualify for, how could we help?

We Can Help You Pre-Qualify

We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. In the process, we determine your borrowing power - reviewing your job, available money for down payment, debt, income, and other areas. It's quick and basic; We take pride in keeping the paperwork light.

At the point you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").

Pre-Qual Power

Various advantages open to you once you find your new house, and have pre-qualification power. The first is that you can know the amount you'll be able to afford when putting together your offer. Being pre-qualified also will make your offer more attractive to the home seller, like you were bringing them a suitcase of cash! They will not need to be concerned they are wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.

We help with your pre-qualification

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. We accomplish this by reviewing your income and debts, your employment and residence situations, the funds available for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

It is vital to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculators on our website. For one thing, you will need a Pre-Qualification Letter! Next, we can study your mortgage program options and be sure you are in the right one. We are eager to hear from you: contact us at 972-334-0566.