Why Pre-Qualification is Important

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It's valuable to bring in your mortgage professional early — even before you've started to consider neighborhoods. What for? If you do not yet know how much house you want to qualify for, how could we help?

Pre-Qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the loan amount you can qualify for. The process leads you through your current financial situation - your debts, income, job, and down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

We will give you a Pre-Qualification Letter once you qualify, which states that we are confident you'll qualify for up to a specific amount of mortgage loan dollars.

Pre-Qualification Power

With your pre-qualification letter, several advantages fall at your feet at the point you find the home you want to put together an offer for. The first is that you will be sure the amount you'll be able to afford when determining your offer. Of greater importance to the seller, your pre-qualification is like your having entered their house with a bag full of money ready to make the deal! They will not have to worry that that they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. You will have the sway of a buyer ready to make the deal on the spot!

We will help you pre-qualify

Our mortgage professionals can help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. We can achieve this by reviewing your income and debts, your employment and residence situations, your available funds for a down payment, required reserves, and other financial considerations. It is a quick, thorough process with minimal risks for papercuts.

One-on-One

It's 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. That way, we'll help you get your pre-qualification letter. For another thing, we might be able to find a different mortgage program that fits your goals better. We are eager to meet with you: contact us at 952 417 8481.

Have questions about pre-qualifying? Call us at 952 417 8481. We answer pre-qualification questions every day.

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