When to Speak to a Mortgage Pro About Pre-Qualification

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It is helpful to bring in your mortgage professional early — even before you have started researching neighborhoods. What for? What can we do for you before you have negotiated a price, and do not yet know how much you want to borrow?

Pre-Qualify

Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. The process outlines your financial situation - your debt, income, career, and down payment money, among other things. It's quick and to the point; We keep the paperwork to a minimum.

After you are determined to be eligible, we prove our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Power

Holding your pre-qualification letter, several advantages are yours at the point you find the home you want to put together an offer for. First, you have some definite numbers in mind, as the amount you will qualify for on your loan. Being pre-qualified will also make your offer more attractive to the seller, like you were bringing them a suitcase of cash! They need not wonder if they have been wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the capability to back your offer up.

We can help you pre-qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you will qualify for. We can do this by analyzing your debts and income, your employment and housing circumstances, the available funds for a down payment, required reserves, and other financial considerations. It's quick and to the point; and we keep the paperwork to a minimum.

One on one

While you are encouraged to try our tools to calculate mortgage variables on our site, it's a good idea to sit down and talk with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. For another thing, we may be able to locate a different mortgage loan option that is a better fit for you. We are waiting to meet with 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!