Why Pre-Qualification is Important

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It is valuable to visit with a mortgage loan pro first, even before you've decided what sort of house to look for. Why? What can we do for you if you haven't negotiated a price, and do not know yet how much you want to borrow?

Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. In the process, we calculate your borrowing power - reviewing your employment, available money for down payment, debts, income, and other areas. It's short and to the point; We keep the paperwork light.

We'll give you a Pre-Qualification Letter when you qualify, that states that we're confident you'll qualify for up to a specific amount of mortgage loan dollars.

Power in the Pre-Qual

After you locate the house that catches your eye, and you decide to make an offer, being pre-qualified for a mortgage will do a number of things. First, it lets you know how much you can offer. Being pre-qualified also will make your offer look even better to the seller, as if you were bringing them a big box of cash! They won't need to be concerned they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You have the ability to back up your offer.

We will help you with your pre-qualification

When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. The process outlines your finances - your debts, income, employment, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.

One-on-One

You can certainly use the calculators here on our website to get an idea of how much mortgage you'll be able to afford - but it's also essential to talk with us. That way, we can help you get your pre-qualification letter. Next, we can study your loan choices to make sure you have found the best one. Let us help you get started: Call us at (281) 778-0805.

Have questions about pre-qualifying? Call us at (281) 778-0805. 1st Credential Mortgage Inc answers pre-qualifying questions every day.

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