Why Pre-Qualification is Important

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It is helpful to consult your mortgage professional as soon as possible — even before you've started researching neighborhoods. Why? How can we help you if you haven't negotiated a purchase amount, and do not yet know the amount you want to borrow?

Pre-Qualify

Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We achieve this by analyzing your debts and income, your employment and housing situations, the funds available for down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a short,basic process.

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

Pre-Qualification Power

Holding your pre-qualification letter, a number of advantages fall at your feet once you locate the home you want to put together an offer on. First, it lets you know how much you are able to offer. Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a bag full of cash! They won't have to be concerned that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount will not 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 pre-qualify

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

One on one

It's important to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculator tools on this website. For one thing, you will need a Pre-Qualification Letter! For another thing, we might be able to locate a different mortgage loan option that fits your goals better. Let us help you get started: Contact us at (773) 774-9040 Ext 121.

Have questions about pre-qualifying? Call us at (773) 774-9040 Ext 121. We answer pre-qualification questions every day.

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