The Importance of Pre-Qualification

Shopping for a mortgage loan? We will be glad to help! Give us a call at 978-422-2311. Want to get started? Apply Now.

It is valuable to bring in your mortgage loan professional as soon as possible — even before you have started to research neighborhoods. Why? How can we help you if you haven't negotiated an amount, and don't know yet how much you want to borrow?


We can help you see how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through pre-qualifying. This process takes you through your current financial situation - your debts, income, career, and cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

After you qualify, will give you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that says that we are helping you to find the right loan program to meet your financial needs and that we are confident you'll qualify for a loan for up to a certain amount.

Pre-Qual Power

Holding your pre-qualification letter, some advantages fall at your feet when you locate the home you want to make an offer on. First, it helps you know the amount that you are able to offer. More important to the current home owner, your being pre-qualified is like your having entered their house with a suitcase full of money ready to make the deal! They need not wonder if they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. They have a virtual guarantee to trust your ability to back up your offer.

We can help you pre-qualify

We can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. In the process, we look at your borrowing capacity - analyzing your employment, money available for down payment, debts, income, and other areas. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

While you are able to use our tools to calculate mortgage variables on this site, it is 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! For another thing, we could locate a different mortgage program that fits your needs better. Contact us at 978-422-2311 to get started.

Have questions about pre-qualifying? Call us at 978-422-2311. We answer pre-qualification questions every day.