When to Talk to a Mortgage Professional About Pre-Qualifying

Are you looking for a new mortgage? We'd be thrilled to discuss our mortgage offerings! Give us a call at 214-300-8756. Ready to begin? Apply Here.

It is helpful to consult your mortgage loan professional early — even before you've started researching neighborhoods. What for? What can we do for you before you have made an offer, and don't yet know how much you want to borrow?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly mortgage payments you can afford, and the size of loan you can qualify for. In the process, we calculate your borrowing capacity - analyzing your employment, money available for down payment, debts, income, and other areas. We will ask for a minimum amount of paperwork, with a short,basic process.

After you qualify, we give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which states that we are helping you to find the ideal mortgage loan program to fit your needs and that we're confident you'll qualify for a loan for a certain amount.

Pre-Qual Power

Once you locate the house that meets your needs, and you decide 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 total you will qualify for on your loan. Of greater importance to the existing home owner, your pre-qualification is like your having walked into their front door with a suitcase full of money ready to purchase their home! They will not need to worry that they have been wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. You can have the influence of a buyer ready to make the purchase right now!

We help with your pre-qualification

When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. We achieve this by reviewing your debts and income, your work and residence situations, the available funds for down payment, required reserves, and other considerations. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

One-on-One

You can certainly use the calculators on our site to calculate how much mortgage you'll be able to afford - but it's also valuable to talk with one of our mortgage professionals. We can work toward your pre-qualification letter. For another thing, we may find a different mortgage program that better fits your needs. Let us get you started: Call 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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