When to Speak to a Mortgage Professional About Pre-Qualifying

	Searching for mortgage advice? We'll be glad to answer your questions about our many mortgage solutions! Give us a call at 2817780805. Ready to begin? Apply Now.

It's valuable to bring in your mortgage loan professional early — even before you've begun researching neighborhoods. What for? What can we do for you if you have not made an offer, and do not know yet the amount you need to borrow?

Pre-Qualify

We can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In this process, we look at your capacity to borrow - looking at your earning status, available money for down payment, debts, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

When you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are helping you to find the best mortgage to fit your situation and that we're confident you will qualify for a loan for a certain amount.

Power in the Pre-Qual

When you find the house that is right for you, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a couple of things. The first is that you will know the amount you'll be able to afford when putting together the offer. Even more important to the seller of the house, your pre-qualification gives them certainty - as if you had come to their home with a suitcase of cash to back up the offer! They won't need to wonder if they're wasting their time if you can't have the ability to qualify for a high 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 mortgage loan amount will not be something for them to lose sleep over. You'll have the influence of a buyer ready to make the deal on the spot!

We can help you pre-qualify

We will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. The process outlines your financial situation - your debt, income, employment, cash available for down payment, among other things. It's quick and basic; and we keep the paperwork to a minimum.

Face to Face

You can certainly use the mortgage calculators available on our website to calculate how much mortgage you'll be able to afford - but it's also important to meet with us. We can work toward your pre-qualification letter. Then, we'll make sure we have found the best mortgage loan program for your situation. Let us help you get started: Contact us at 2817780805.

Have questions about pre-qualifying? Call us at 2817780805. It's our job to answer pre-qualification questions, so we're happy to help!