Why Pre-Qualification is Important

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It's important to bring in your mortgage loan professional early — even before you've begun narrowing down neighborhoods. What for? If you don't yet know how much home you need to qualify for, what could we do for you?

Pre-Qualify

We will help determine how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. This process outlines your current financial situation - your debt, income, job, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.

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

Buying Clout

Once you find the house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage loan will do a number of things. The first is that you can be sure the amount you'll be able to afford when calculating your offer. Having pre-qualification also will make your offer look even better to the seller, as if you were bringing them a suitcase full of cash! They won't need to wonder if they're wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not be something for them to fret over. You have the capability to back up your offer.

We will help you with your pre-qualification

We can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We will do this by reviewing your debts and income, your work and residence circumstances, your funds available for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.

Face to Face

It is vital for you to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculators on our website. We can walk you through your pre-qualification letter. Then, we'll make sure we have found the ideal mortgage program for you. 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. It's our job to answer pre-qualification questions, so we're happy to help!

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