Why Pre-Qualification is Important

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Even if you haven't so much as narrowed down houses to visit yet, it is important to visit with your mortgage loan professional first. Why? How can we help before you have negotiated a purchase amount, and do not yet know how much you need to borrow?

Pre-Qualify

We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. The process outlines your financial situation - your debts, income, career, and down payment money, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.

After you are considered eligible, we prove our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Buying Clout

With your pre-qualification letter, a number of advantages are yours at the point you find the house you want to put together an offer for. First, it helps you know the amount that you're able to offer. Even more important to the seller, your pre-qualification status gives them confidence - as if you'd entered their home with a bag of cash to back up the offer! They won't have to be concerned that they're wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to worry about. You have the ability to back your offer up.

We will help you pre-qualify

Our mortgage professionals can 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 calculate your borrowing power - reviewing your earning status, money available for down payment, debts, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

One-on-One

It is important to sit down and talk with us, even though you are welcome to also use the helpful mortgage loan calculators on this website. For one thing, you'll need a Pre-Qualification Letter! Next, we can consider your loan choices to be sure you have selected the best one. Let us get you started: Contact us at 978-422-2311.

Have questions about pre-qualifying? Call us at 978-422-2311. PREMIERE MORTGAGE SERVICES, INC. answers pre-qualifying questions every day.