Why Pre-Qualification is Important

It can be important to see a mortgage loan pro early, even if you haven't decided what type of home to look for. Why? When you do not know yet how much house you need to qualify for, what could we do for you?

Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly mortgage payments you can afford, and the loan amount you can qualify for. We do this by considering your income and debts, your employment and housing circumstances, your available funds for down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.

We'll award you a Pre-Qualification Letter after you qualify, which states that we're confident you'll qualify for up to a certain amount of mortgage loan dollars.

Pre-Qualification Power

A number of beneifits open to you after you've found your dream house, and have achieved pre-qualification power. The first is that you will know what you will be able to afford when putting together the offer. More important to the home seller, your being pre-qualified is like your having walked into their house with a bag full of cash to purchase their house! They will not have to be concerned they are wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to lose sleep over. You'll have the influence of a buyer ready to make the deal right now!

We will help you with your pre-qualification

When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can afford, and how much we of a loan you will qualify for. In this process, we determine your borrowing capacity - looking at your employment, available money for down payment, debts, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.

One-on-One

It's important for you to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculator tools on our site. We can walk you through your pre-qualification letter. Then, we can make sure we have the ideal mortgage loan program for you. Contact us at 972-591-3353 to get started.

Have questions about pre-qualifying? Call us at 972-591-3353. It's our job to answer pre-qualification questions, so we're happy to help!