Why Pre-Qualification is Important

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It is valuable to see a mortgage loan pro early, even before you've decided what sort of house to search for. Why? When you don't know yet how much home you want to qualify for, what can we do for you?

Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. The process outlines your finances - your debt, income, job, and down payment money, among other things. It's short and to the point; We take pride in keeping the paperwork light.

At the point you are determined to be eligible, we document our confidence in your potential to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Several beneifits open to you when you have found your dream house, and have achieved pre-qualification power. First of all, you have some general numbers in mind, as the amount you can borrow. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd come into their home with a bag of cash to make the offer! They need not worry that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You have the capability to back your offer up.

We can help you pre-qualify

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

Face to Face

While you are able to use our tools to calculate mortgage variables on this website, it's a good idea to sit down and talk with one of our mortgage professional team members. For one thing, you'll want a Pre-Qualification Letter! Next, we can consider your loan options and make sure you have found the right one. Contact us at (941) 366-5800 to get started.

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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