Why Pre-Qualification is Important

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It can be valuable to visit with a mortgage loan pro first, even if you haven't settled on the kind of house to search for. Why? What can we do for you before you have made your offer, and do not know yet how much you want to borrow?


We can help you find out the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We can achieve this by reviewing your income and debts, your work and residence situations, the available funds for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

We award you a Pre-Qualification Letter when you qualify, which states that we're confident you'll qualify for up to a predetermined amount of mortgage dollars.

Pre-Qual Power

After you find a house that is right for you, and you want to make an offer, being pre-qualified for a loan will do a couple of things. First of all, you have some general numbers in mind, as the total you can borrow. More important to the existing home owner, your being pre-qualified is like your having walked into their front door with a suitcase full of cash to make the deal! They won't need to be concerned they are wasting their time if you will not be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You will have the clout of a buyer ready to make the purchase right now!

We can help you pre-qualify

We can help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. This process takes you through your financial situation - your debts, income, job, cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short, basic process.


It is vital for you to sit down and meet with us, even though you are welcome to also try the helpful mortgage loan calculator tools on this site. That way, we will help you get your pre-qualification letter. Next, we can consider your mortgage loan options to make sure you are in the right one. We're waiting to hear from you: 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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