Why Pre-Qualification is Important

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It is important to consult with your mortgage professional as soon as possible — even before you've begun narrowing down neighborhoods. Why? When you do not yet know how much home you need to qualify for, how can we help?

Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly mortgage payments you can afford, and how much we of a loan you will qualify for. In the process, we determine your ability to borrow - looking at your employment, available money for down payment, debt, income, and other circumstances. It's short and basic; We keep the paperwork light.

When you qualify, will give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are working with you to find the best loan program to fit your needs and that we're confident you'll qualify for a mortgage loan up to a specific amount.

Buying Power

Some beneifits open to you when you've found your next house, and have achieved pre-qualification. First, it lets you know the amount that you're able to offer. More important to the seller, your pre-qualification is like your having walked into their house with a bag full of money ready to make the deal! They will not need to worry that that they are wasting their time if you can't be able to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. You have the capability to back up your offer.

We can help you pre-qualify

We will help you find out the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We achieve this by reviewing your income and debts, your work and housing circumstances, the available funds for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

While you can benefit from our tools to calculate mortgage variables on this site, it's a good idea to sit down and talk with us. For one thing, you will need a Pre-Qualification Letter! Next, we can review your mortgage program options and be sure you are in the right one. 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.