Why Pre-Qualification is Important

Shopping for a mortgage? We'll be glad to discuss your mortgage needs! Call us at 214-300-8756. Ready to get started? Apply Here.

Even if you have not narrowed down houses to visit yet, it's valuable to contact your mortgage professional early. What for? How can we help if you haven't negotiated a purchase amount, and don't know yet how much you need to borrow?

Pre-Qualify

When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the size of loan you will qualify for. We can accomplish this by analyzing your debts and income, your work and residence situations, the funds available for down payment, required reserves, and some other things. It's quick and basic; We take pride in keeping the paperwork light.

After you are determined to be eligible, we prove our confidence in your potential to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

When you find a house that is best for you, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. First, you have some definite numbers in mind, as the amount you will qualify for with your mortgage. Having pre-qualification also will make your offer more attractive to the home seller, like you were bringing them a bag full of cash! They won't need to wonder if that they have been wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.

We will help you pre-qualify

We can help you calculate how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. We do this by considering your debts and income, your work and housing situations, the funds available for a down payment, required reserves, and some other things. It's short and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

It is vital to sit down and meet with us, even though you are welcome to also use the helpful mortgage loan calculator tools on this site. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have chosen the best mortgage loan program for you. Let us help you get started: Contact us at 214-300-8756.

Have questions about pre-qualifying? Call us at 214-300-8756. It's our job to answer pre-qualification questions, so we're happy to help!



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