Why it's Important to Pre-Qualify

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It's helpful to consult with your mortgage professional as soon as possible — even before you've begun narrowing down neighborhoods. Why? When you don't yet know how much house you want to qualify for, how could we help?


When we pre-qualify you, we help you decide the amount in mortgage payments you can fit in your budget, and the size of loan you can qualify for. In the process, we look at your capacity to borrow - looking at your job, money available for down payment, existing debt, income, and other areas. We will ask for a minimum amount of paperwork, with a quick process.

We will give you a Pre-Qualification Letter when you qualify, which states that we're confident you will qualify for a specific amount of mortgage loan dollars.

Buying Clout

When you locate a house that catches your eye, and you want to make an offer, being pre-qualified for a loan will do a number of things. First of all, you have some concrete numbers in mind, as the amount you will qualify for with your mortgage. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you had arrived at their house with a big box of cash to back up the offer! They need not wonder if that they are wasting their time if you will not be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not be something for them to fret over. They have a virtual guarantee to trust your buying power.

We will help you pre-qualify

We can help you see how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. We will do this by reviewing your debts and income, your work and residence situations, your available funds for a down payment, required reserves, and some other things. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.


It's important for you to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculators on our site. We can walk you through your pre-qualification letter. Then, we will make sure we have selected the ideal mortgage program for you. Contact us at 952 417 8481 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 952 417 8481. Alerus Mortgage answers pre-qualifying questions every day.

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