Why it's Important to Pre-Qualify

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Even if you haven't so much as narrowed down homes to visit yet, it can be advantageous to contact your mortgage pro first. Why? What can we do for you if you haven't negotiated a price, and don't know yet the amount you want to borrow?

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 loan amount you will qualify for. In this process, we explore your borrowing potential - reviewing your earning status, available money for down payment, debts, income, and other circumstances. It's quick and basic; We take pride in keeping the paperwork to a minimum.

After you are determined to be eligible, we will prove our confidence in your capacity to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Pre-Qualification Power

Holding your pre-qualification letter, some advantages are yours once you locate the home you want to put together an offer for. First, it lets you know how much you are able to offer. Even more important to the seller, your pre-qualification status gives them confidence - as if you had come into their house with a bag of cash to back up the offer! They won't need to wonder if that they're wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You can have the clout of a buyer ready to make the deal on the spot!

We can help you pre-qualify

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

One-on-One

You can certainly use the calculators here on this website to calculate the size mortgage you will be able to afford - but it's also valuable to meet with us. We can begin working on your pre-qualification letter. For another thing, we may be able to find a different mortgage loan option that fits your needs better. Let us help you get started: Call us at 469.450.9453.

Have questions about pre-qualifying? Call us at 469.450.9453. We answer pre-qualification questions every day.