Why Pre-Qualification is Important

	Looking for mortgage advice? We'll be glad to talk about our mortgage offerings! Give us a call at (941) 366-5800. Want to get started? Apply Online Now.

Even if you've not researched homes to visit yet, it is important to see your mortgage pro first. Why? If you don't yet know how much house you need to qualify for, how can we help?

Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and the size of loan you can qualify for. We can do this by analyzing your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.

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

Buying Clout

Various advantages open to you after you find your dream house, and have pre-qualification power. First, it helps you know how much you are able to offer. Even more important to the seller, your pre-qualification gives them confidence - as if you'd come to their house with a big box of cash to back up the offer! They won't need to worry that that they're wasting their time if you don't be able to qualify for a high enough mortgage loan. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We help with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can afford, and the loan amount you will qualify for. This process takes you through your current financial situation - your debt, income, employment, cash available for down payment, among other things. We as for a minimum amount of paperwork, with a quick process.

One on one

While you are able to try our tools to calculate mortgage variables on this site, it's a good idea to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. Next, we can review your loan choices to be sure you have selected the right one. Let us get you started: Contact us at (941) 366-5800.

Have questions about pre-qualifying? Call us at (941) 366-5800. We answer pre-qualification questions every day.