Why it's Important to Pre-Qualify

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It is helpful to see a mortgage professional early, even before you've determined what sort of home you hope to find. What for? It might be difficult to fathom the ways we could help even before you start to talk about prices and negotiations.


When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. We can do this by reviewing your debts and income, your employment and housing situations, the funds available for a down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.

After you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are helping you to find the ideal mortgage loan program to meet your situation and that we're confident you will qualify for a mortgage for up to a certain amount.

Pre-Qual Power

With your pre-qualification letter, several advantages are yours at the point you find the home you want to put together an offer for. The first is that you can be sure the amount you'll be able to afford when putting together the offer. Of greater importance to the current home owner, your being pre-qualified is like your having entered their house with a bag full of cash ready to purchase their home! They won't need to be concerned that they're wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the capability to back up your offer.

We will help you with your pre-qualification

We will help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. In this process, we look at your borrowing potential - looking at your job, available money for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

One on one

While you are encouraged to use our tools to calculate mortgage variables on this site, it's essential to meet with us. For one thing, you will need a Pre-Qualification Letter! For another thing, we could find a different mortgage choice that fits your situation better. Let us help you get started: Contact us at (941) 366-5800.

Have questions about pre-qualifying? Call us at (941) 366-5800. It's our job to answer pre-qualification questions, so we're happy to help!

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