Why it's Important to Pre-Qualify

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Even if you haven't so much as researched homes to view yet, it's advantageous to contact your mortgage loan professional early. What for? What can we do for you before you have negotiated an amount, and don't know yet how much you need to borrow?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. We can achieve this by reviewing your debts and income, your employment and housing circumstances, your available funds for a down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.

Once you qualify, we give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that says that we are working with you to find the best loan to meet your needs and that we are confident you'll qualify for a mortgage loan for up to a certain amount.

Power in the Pre-Qual

A number of advantages open to you after you find your dream house, and have pre-qualification power. The first is that you will know what you'll be able to afford when putting together your offer. More important to the home seller, your being pre-qualified is like your having entered their house with a bag full of cash ready to make the deal! They need not be concerned that they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to fret over. You have the capability to back up your offer.

We help with your pre-qualification

We can help determine how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. We achieve this by analyzing your debts and income, your work and housing situations, the funds available for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.

One on one

You can always use the mortgage calculators here on our site to calculate how much mortgage you can afford - but it's also important to talk with one of our mortgage professionals. We can begin working on your pre-qualification letter. Then, we will make sure we have the ideal mortgage program for your situation. Contact us at 2817780805 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 2817780805. 1st Credential Mortgage Inc answers pre-qualifying questions every day.