Why Pre-Qualification is Important

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It is important to consult with your mortgage loan professional early — even before you have started to research neighborhoods. What for? It may be difficult to fathom the ways we could help even before you begin to talk about prices and negotiations.

Pre-Qualify

When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and how much we of a loan you can qualify for. We achieve this by considering your debts and income, your work and residence circumstances, your funds available for down payment, required reserves, and some other things. It's quick and to the point; We keep the paperwork light.

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

Buying Clout

Armed with your pre-qualification letter, several advantages fall at your feet when you find the home you want to make an offer for. First, you have some concrete numbers in mind, as the amount you will qualify for on your mortgage loan. Having pre-qualification also will make your offer look even better to the home seller, like you were bringing them a big box of cash! They need not be concerned they have been wasting their time if you will not have the ability to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to worry about. You have the capability to back your offer up.

We will help you pre-qualify

We will help determine how much of a mortgage loan you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. In the process, we explore your capacity to borrow - analyzing your job, available money for down payment, existing debt, income, and other circumstances. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

One on one

While you can use our mortgage calculators on our site, it's essential to meet with us. That way, we will help you get your pre-qualification letter. For another thing, we might find a different mortgage choice that better fits your needs. Let us help you get started: Call us at (713) 667-5472.

Have questions about pre-qualifying? Call us at (713) 667-5472. We answer pre-qualification questions every day.