The Importance of Pre-Qualifying

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Even if you haven't narrowed down homes to view yet, it can be advantageous to visit with your mortgage pro first. What for? If you don't know yet how much home you need to qualify for, what could we help you with?

We Can Help You Pre-Qualify

We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. During the process, we calculate your borrowing potential - analyzing your job, money available for down payment, debts, income, and other areas. It's short and to the point; We keep the paperwork to a minimum.

At the point you are determined to be eligible, we document our confidence in your ability to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Buying Power

Various beneifits open to you when you've found your new house, and have pre-qualification. First, it lets you know the amount that you're able to offer. Of greater importance to the home seller, your being pre-qualified is like your having walked into their front door with a bag full of cash ready to make the deal! They will not need to worry that that they have been wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to fret over. You have the capability to back up your offer.

We will help you with your pre-qualification

We will help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During the process, we look at your ability to borrow - reviewing your job, available money for down payment, existing debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.

One-on-One

You can always use the calculators available on our site to get an idea of how much mortgage you will be able to afford - but it's also valuable to meet with one of our mortgage professionals. We can begin working on your pre-qualification letter. For another thing, we could find a different mortgage loan option that better fits your needs. Let us help you get started: Call us at (443) 619-7900.

Have questions about pre-qualifying? Call us at (443) 619-7900. We answer pre-qualification questions every day.

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