Why it's Important to Pre-Qualify

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It can be important to see a mortgage loan pro early, even if you haven't settled on what type of home you hope to find. Why? It might be difficult to understand the ways we could help even before you start to negotiate.

Pre-Qualify

Our mortgage professionals will help you calculate the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. We accomplish this by reviewing your debts and income, your work and residence circumstances, the funds available for down payment, required reserves, and some other things. It's quick and basic; We keep the paperwork light.

When you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are helping you to find the ideal loan to meet your needs and that we are confident you will qualify for a mortgage loan for up to a certain amount.

Power in the Pre-Qual

With your pre-qualification letter, a number of advantages fall at your feet at the point you find the house you want to make an offer on. The first is that you can know what you can afford when putting together your offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you had entered their home with a bag of cash to make the offer! They won't need to worry that they have been wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. You have the ability to back up your offer.

We will help you pre-qualify

We can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In this process, we determine your borrowing potential - analyzing your employment, money available for down payment, debt, income, and other circumstances. It's short and to the point; and we keep the paperwork light.

One-on-One

While you can use our tools to calculate mortgage variables on our site, it's a good idea to meet with us. That way, we'll help you get your pre-qualification letter. Then, we can make sure we have found the best mortgage loan program for your situation. Contact us at (773) 774-9040 Ext 121 to get your pre-qualification process started.

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!