The Importance of Pre-Qualifying

It can be helpful to see a mortgage loan pro first, even if you haven't decided what type of home to look for. Why? Maybe it's difficult to understand the ways we can help even before you begin to negotiate.

We Will Help You Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly payments you can fit in your budget, and the size of loan you can qualify for. This process outlines your finances - your debts, income, career, and down payment money, among other things. We require a minimum amount of paperwork, and avoid a lengthy process.

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

Power in the Pre-Qual

Some advantages open to you when you have found your dream house, and have pre-qualification. The first is that you'll be sure the amount you'll be able to afford when calculating your offer. Even more important to the current owner, your pre-qualification gives them certainty - as if you'd come to their house with a suitcase of cash to make the offer! They will not have to be concerned they're wasting their time if you will not be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You have the ability to back your offer up.

We will help you pre-qualify

When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. The process outlines your current financial situation - your debts, income, career, down payment money, among other things. It's short and basic; and we keep the paperwork to a minimum.

One on one

It's important for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculators on this site. For one thing, you'll want a Pre-Qualification Letter! Next, we can review your mortgage choices and be sure you are in the best one. We are waiting to meet with you: contact us at 630-333-1800.