The Importance of Pre-Qualifying

	Searching for a mortgage loan? We will be glad to assist you! Call us at (713) 667-5472. Want to get started? Apply Online Now.

Even if you've not picked out homes to visit yet, it's important to see your mortgage professional early. Why? What can we do for you before you have made an offer, and do not know yet the amount you need to borrow?

Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the loan amount you can qualify for. We can achieve this by reviewing your debts and income, your employment and housing circumstances, the available funds for down payment, required reserves, and other financial considerations. It's short and to the point; We take pride in keeping the paperwork light.

After you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that states that we are working with you to find the best mortgage to fit your situation and that we're confident you'll qualify for a mortgage for a specific amount.

Buying Power

After you locate a house that meets your needs, and you want to put together an offer, being pre-qualified for a loan will do several things. First, it helps you know the amount that you're able to offer. Even more important to the seller, your pre-qualification gives them confidence - as if you'd come into their home with a big box of cash to make the offer! They will not need to worry that that they have been wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't be something for them to worry about. They have a virtual guarantee that they can trust your ability to back up your offer.

We can help you pre-qualify

When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. This process outlines your finances - your debts, income, job, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.

One on one

You can certainly use the mortgage calculators here on this website to calculate how much mortgage you will be able to afford - but it's also valuable to meet with us. For one thing, you'll want a Pre-Qualification Letter! Next, we can study your mortgage loan options and make sure you have selected the right one. Let us help you get started: Contact us at (713) 667-5472.

Have questions about pre-qualifying? Call us at (713) 667-5472. It's our job to answer pre-qualification questions, so we're happy to help!