Why Pre-Qualification is Important

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Even if you've not picked out houses to visit yet, it is valuable to contact your mortgage loan professional early. Why? What can we do for you before you have made your offer, and do not know yet the amount you want to borrow?

Pre-Qualify

We can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We can accomplish this by analyzing your income and debts, your work and housing situations, the available funds for a down payment, required reserves, and some other things. It's short and to the point; We keep the paperwork light.

After you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Power

With your pre-qualification letter, several advantages fall at your feet once you locate the home you want to make an offer for. First, it helps you know the amount that you are able to offer. Of greater importance to the existing home owner, your being pre-qualified is like your having entered their front door with a bag full of money ready to purchase their house! They won't have to be concerned that they're 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 won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. You have the influence of a buyer ready to make the deal right now!

We can help you pre-qualify

When we pre-qualify you, we help you determine how much of a monthly payment you can fit in your budget, and how much we of a loan you will qualify for. We accomplish this by reviewing your debts and income, your employment and housing circumstances, your available funds for a down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

One on one

While you are encouraged to benefit from our tools to calculate mortgage variables on this site, it's a good idea to meet with one of our mortgage professional team members. That way, we will be able to help you get your pre-qualification letter. Next, we can study your mortgage choices and be sure you have chosen the right one. Let us help you get started: Call us at (281) 778-0805.

Have questions about pre-qualifying? Call us at (281) 778-0805. It's our job to answer pre-qualification questions, so we're happy to help!

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