The Importance of Pre-Qualification

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Even if you have not narrowed down homes to visit yet, it's advantageous to see your mortgage loan professional early. Why? Perhaps it's difficult to understand the way we can help even before you begin to talk about prices and negotiations.

Pre-Qualify

Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We will do this by reviewing your income and debts, your work and residence circumstances, your available funds for down payment, required reserves, and other financial considerations. We ask for a minimum amount of paperwork, and avoid a lengthy process.

We will award you a Pre-Qualification Letter if you qualify, that says that we are confident you'll qualify for up to a specific amount of mortgage loan dollars.

Power in the Pre-Qual

With your pre-qualification letter, some advantages are yours at the point you locate the house you want to put together an offer on. First, it lets you know how much you are able to offer. Having pre-qualification will also make your offer look even better to the home seller, like you were bringing them a suitcase full of cash! They will not have to worry that that they are wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back your offer up.

We will help you with your pre-qualification

We can help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. We do this by considering your income and debts, your employment and residence situations, your available funds for a down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.

One on one

It is vital for you to sit down and meet with us, even though you are free to also try the helpful mortgage calculator tools on our site. For one thing, you'll need a Pre-Qualification Letter! Next, we can consider your mortgage program choices to make sure you are in the best one. Let us get you started: Call us at 214-300-8756.

Have questions about pre-qualifying? Call us at 214-300-8756. We answer pre-qualification questions every day.