When to Talk to Your Mortgage Pro About Pre-Qualifying

Shopping for a mortgage loan? We'd be thrilled to answer your questions about our mortgage offerings! Call us at (773) 774-9040 Ext 121. Ready to begin? Apply Here.

It can be valuable to see a mortgage loan pro first, even if you haven't decided the sort of house to look for. What for? When you don't yet know how much home you need to qualify for, how could we help?

Pre-Qualify

We can 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 helping you pre-qualify. In the process, we explore your borrowing power - reviewing your employment, money available for down payment, debts, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.

At the point you are determined to be eligible, we document our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

After you locate a house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. The first is that you can be sure the amount you'll be able to afford when putting together your offer. Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They will not have to be concerned they are wasting their time if you do not have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to worry about. You will have the influence of a buyer ready to make the purchase on the spot!

We help with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. The process outlines your financial situation - your debt, income, job, cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short, basic process.

One-on-One

While you are able to benefit from our tools to calculate mortgage variables on this website, it will be a good idea to meet with us. That way, we'll be able to help you get your pre-qualification letter. Next, we can review your mortgage loan options and be sure you are in the right one. We are waiting to hear from you: call us at (773) 774-9040 Ext 121.

Have questions about pre-qualifying? Call us at (773) 774-9040 Ext 121. It's our job to answer pre-qualification questions, so we're happy to help!

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