The Importance of Pre-Qualification

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It is valuable to bring in your mortgage loan professional as soon as possible — even before you've begun narrowing down neighborhoods. Why? It may be hard to understand the ways in which we can help even before you begin to talk about prices and negotiations.

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 pre-qualifying. We achieve this by analyzing your debts and income, your work and residence situations, your available funds for a down payment, required reserves, and other considerations. It's quick and basic; We take pride in keeping the paperwork to a minimum.

After you qualify, we give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which states that we are working with you to find the best mortgage to meet your situation and that we're confident you will qualify for a loan for a specific amount.

Power in the Pre-Qual

Armed with your pre-qualification letter, several advantages fall at your feet when you locate the home you want to put together an offer for. The first is that you'll be sure what you will be able to afford when putting together your offer. Even more important to the seller of the house, your pre-qualification letter gives them certainty - as if you had arrived at their home with a bag of cash to back up the offer! They will not need to worry that that they are wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount will not cause them concern. You have the clout of a buyer ready to make the deal right now!

We help with your pre-qualification

We will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. During the process, we calculate your capacity to borrow - looking at your job, available money for down payment, debts, income, and other areas. We as for a minimum amount of paperwork, with a short, basic process.

One-on-One

While you can benefit from our tools to calculate mortgage variables on this site, it is essential to sit down and talk with us. We can work toward your pre-qualification letter. For another thing, we could find a different mortgage option that better fits your needs. Let us get you started: Call us at 410-451-2755.

Have questions about pre-qualifying? Call us at 410-451-2755. It's our job to answer pre-qualification questions, so we're happy to help!