The Importance of Pre-Qualification

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Even if you haven't researched houses to view yet, it is important to see your mortgage loan professional early. What for? How can we help you before you have made an offer, and do not yet know how much you want to borrow?

We Will Help You Pre-Qualify

We will help you calculate how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. We will accomplish this by considering your debts and income, your work and housing circumstances, the available funds for down payment, required reserves, and other financial considerations. We ask for a minimum amount of paperwork, and avoid a lengthy process.

Once you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that documents the fact that we are helping you to find the right mortgage to fit your financial needs and that we are confident you'll qualify for a mortgage up to a certain amount.

Power in the Pre-Qual

Armed with your pre-qualification letter, a number of advantages fall at your feet at the point you locate the home you want to make an offer on. First, you have some definite numbers in mind, as the amount you will be able to borrow. Your pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a bag full of cash! They won't need to wonder if they have been wasting their time if you do not be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You can have the sway of a buyer ready to make the deal right now!

We will help you pre-qualify

When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can fit in your budget, and the size of loan you will qualify for. In this process, we look at your ability to borrow - analyzing your job, money available for down payment, debts, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

While you are encouraged to use our mortgage calculators on this site, it is a good idea to meet with one of our mortgage professional team members. For one thing, you'll need a Pre-Qualification Letter! Next, we can consider your loan options and be sure you have selected the right one. We're eager to hear from you: contact us at (941) 366-5800.

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

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