Why it's Important to Pre-Qualify

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It's important to consult your mortgage professional as soon as possible — even before you've begun researching neighborhoods. Why? It might be difficult to fathom the way we could help even before you begin to negotiate.

Pre-Qualify

When we pre-qualify you, we help you figure out the amount in monthly mortgage payments you can fit in your budget, and the size of loan you can qualify for. This process outlines your finances - your debts, income, employment, and down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.

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

Pre-Qual Power

When you locate the house that is best for you, and you decide 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 be able to borrow. Even more important to the present owner, your pre-qualification letter gives them certainty - as if you had entered their house with a bag of cash to make the offer! They need not be concerned that they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can 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 that they can trust your ability to back up your offer.

We help with your pre-qualification

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 walking you through the pre-qualification process. We do this by considering your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.

Face to Face

It's vital for you to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculator tools on this website. For one thing, you'll want a Pre-Qualification Letter! For another thing, we might be able to locate a different mortgage choice that fits your goals better. We're waiting to hear from you: 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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