The Importance of Pre-Qualifying

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Even if you haven't researched houses to visit yet, it's advantageous to contact your mortgage professional early. What for? When you don't know yet how much home you need to qualify for, what could we help you with?

Pre-Qualify

Our mortgage professionals will help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We will do this by analyzing your income and debts, your work and housing circumstances, the funds available for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, with a short,basic process.

When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are helping you to find the best mortgage loan to fit your financial needs and that we are confident you'll qualify for a mortgage for a certain amount.

Pre-Qualification Power

With your pre-qualification letter, a number of advantages fall at your feet once you locate the home you want to make an offer on. First of all, you have some concrete numbers in mind, as the amount you will qualify for on your mortgage loan. More important to the existing home owner, your pre-qualification is like your having entered their house with a bag full of money ready to purchase their home! They will not have to wonder if that they have been wasting their time if you don't be able to qualify for a big enough mortgage. 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 your needed mortgage loan amount won't be something for them to be concerned about. You have the ability to back your offer up.

We can help you pre-qualify

When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can fit in your budget, and the size of loan you will qualify for. The process outlines your finances - your debts, income, job, down payment money, among other things. We as for a minimum amount of paperwork, with a short, basic process.

Face to Face

It is important to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculators on this site. That way, we will help you get your pre-qualification letter. Then, we will make sure we have the best mortgage loan program for you. Contact us at (713) 667-5472 to get started.

Have questions about pre-qualifying? Call us at (713) 667-5472. Secure Mortgage Company answers pre-qualifying questions every day.