Why Pre-Qualification is Important

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It is helpful to consult your mortgage professional as soon as possible — even before you have started narrowing down neighborhoods. What for? When you don't yet know how much house you want to qualify for, how could we help?

We Will Help You Pre-Qualify

We can help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. The process outlines your finances - your debts, income, job, and down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

After you qualify, we present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact that we are working with you to find the best mortgage loan to meet your needs and that we're confident you'll qualify for a mortgage loan for up to a specific amount.

Buying Power

Once you locate the house that is right for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do several things. First, it lets you know the amount that you are able to offer. More important to the current home owner, your pre-qualification is like your having entered their front door with a suitcase full of money ready to make the deal! They need not wonder if they are wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller won't wonder if he can count on 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 will have the influence of a buyer ready to make the deal on the spot!

We can help you pre-qualify

We can help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. We accomplish this by considering your income and debts, your employment and residence situations, your available funds for a down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.

One-on-One

It's important for you to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculator tools on our site. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have the best mortgage program for your situation. Contact us at 4433365525 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 4433365525. Washingtonian Mortgage, LLC answers pre-qualifying questions every day.