The Importance of Pre-Qualification

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Even if you have not so much as picked out houses to visit yet, it's valuable to contact your mortgage professional first. What for? Perhaps it is hard to fathom how we can help even before you begin to negotiate.

Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly payments you can fit in your budget, and how much we of a loan you can qualify for. In the process, we determine your ability to borrow - reviewing your employment, available money for down payment, debts, income, and other areas. It's quick and basic; We take pride in keeping the paperwork to a minimum.

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

Pre-Qualification Power

When you find the house that catches your eye, and you decide to put together an offer, being pre-qualified for a mortgage will do several things. First of all, you have some definite numbers in mind, as the total you will be able to borrow. Even more important to the seller, your pre-qualification letter gives them confidence - as if you'd arrived at their home with a big box of cash to back up the offer! They will not need to worry that that they're wasting their time if you will not be able to qualify for a big enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to be concerned about. They have a virtual guarantee that they can trust your ability to back up your offer.

We will help you with your pre-qualification

Our mortgage professionals will help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process walks you through your current financial situation - your debts, income, job, cash available for down payment, among other things. It's short and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

It's important for you to sit down and talk with us, even though you are free to also use the helpful mortgage calculators on this website. We can walk you through your pre-qualification letter. Next, we can consider your mortgage choices and be sure you are in the right one. Contact us at 1-800-606-2794 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 1-800-606-2794. We answer pre-qualification questions every day.