When to Speak to Your Mortgage Pro About Pre-Qualification

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Even if you haven't so much as narrowed down homes to view yet, it is valuable to contact your mortgage loan professional first. Why? What can we do for you before you have made your offer, and don't yet know how much you need to borrow?

Pre-Qualify

Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. The process leads you through your financial situation - your debts, income, career, and cash available for down payment, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.

When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which documents the fact that we are helping you to find the best loan to meet your situation and that we are confident you will qualify for a mortgage loan up to a certain amount.

Pre-Qualification Power

Armed with your pre-qualification letter, several advantages are yours at the point you find the home you want to make an offer for. First, it lets you know how much you can offer. More important to the current home owner, your being pre-qualified is like your having entered their front door with a suitcase full of money to purchase their home! They will not have to worry that that they're wasting their time if you don't be able to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. You have the capability to back your offer up.

We will help you with your pre-qualification

Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. In the process, we determine your borrowing capacity - looking at your earning status, money available for down payment, existing debt, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

One-on-One

It is vital for you to sit down and talk with us, even though you are free to also try the helpful mortgage calculators on this website. We can work toward your pre-qualification letter. Then, we'll make sure we have found the best mortgage program for your situation. Contact us at (281) 778-0805 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at (281) 778-0805. We answer pre-qualification questions every day.