Why Pre-Qualification is Important

Even if you've not so much as researched homes to visit yet, it's valuable to visit with your mortgage pro early. What for? When you don't know yet how much house you want to qualify for, how can we help?

We Will Help You Pre-Qualify

We will help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. We do this by analyzing your debts and income, your work and residence situations, the 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.

After you are determined to be eligible, we document 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

Once you find the house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage will do several things. First of all, you have some general numbers in mind, as the amount you will qualify for on your mortgage loan. Having pre-qualification also will make your offer look even better to the seller, as if you were bringing them a big box of cash! They will not have to be concerned they have been wasting their time if you don't have the ability to qualify for a big 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 your needed loan amount will not be something for them to be concerned about. They have a virtual guarantee to trust your ability to back up your offer.

We will help you with your pre-qualification

We can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We can accomplish this by considering your debts and income, your work and residence situations, the funds available for a down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.

Face to Face

It is vital to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculator tools on our website. That way, we can help you get your pre-qualification letter. Next, we can consider your mortgage loan options and make sure you have selected the best one. Contact us at (504) 832-3131 to get started.