Why Pre-Qualification is Important

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It is valuable to see a mortgage loan pro first, even before you have decided the kind of home you hope to find. Why? If you do not yet know how much home you need to qualify for, how could we help?

We Will Help You Pre-Qualify

We will help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In the process, we explore your borrowing capacity - looking at your earning status, money available for down payment, debts, income, and other areas. It is a short, thorough process with minimal risks for papercuts.

When you qualify, we present to you 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 ideal mortgage to meet your situation and that we are confident you will qualify for a mortgage up to a specific amount.

Buying Power

Several beneifits open to you after you have found your next house, and have pre-qualification power. The first is that you will know the amount you can afford when calculating the offer. More important to the existing home owner, your pre-qualification is like your having walked into their house with a suitcase full of cash to make the deal! They will not need to worry that they have been wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not be something for them to lose sleep over. You have the capability to back your offer up.

We can help you pre-qualify

Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. During this process, we look at your capacity to borrow - reviewing your job, available money for down payment, debts, income, and other areas. It's quick and to the point; and we take pride in keeping the paperwork light.

One on one

While you are encouraged to benefit from our tools to calculate mortgage variables on this website, it is a good idea to meet with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. Then, we will make sure we have the best mortgage program for your situation. Contact us at 978-422-2311 to get started.

Have questions about pre-qualifying? Call us at 978-422-2311. It's our job to answer pre-qualification questions, so we're happy to help!