Why it's Important to Pre-Qualify

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It is valuable to consult your mortgage professional early — even before you've started to consider neighborhoods. What for? When you don't yet know how much house you want to qualify for, how could we help?

Pre-Qualify

We can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We can achieve this by considering your debts and income, your employment and residence situations, the available funds for down payment, required reserves, and other financial considerations. We ask for a minimum amount of paperwork, with a quick process.

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

Pre-Qualification Power

Armed with your pre-qualification letter, several advantages fall at your feet when 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. Your pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a suitcase full of cash! They will not need to wonder if they're wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to be concerned about. You can have the sway of a buyer ready to make the purchase right now!

We can help you pre-qualify

We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by walking you through the pre-qualification process. In the process, we calculate your ability to borrow - reviewing your employment, money available for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

Face to Face

While you can benefit from our tools to calculate mortgage variables on this site, it is a good idea to sit down and talk with us. For one thing, you will want a Pre-Qualification Letter! Next, we can review your mortgage loan options to be sure you have chosen the best one. We're eager to hear from you: call us at 978-422-2311.

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!