The Importance of Pre-Qualifying

Looking for a loan? We'd be thrilled to discuss your mortgage needs! Give us a call at 978-422-2311. Want to get started? Apply Now.

Even if you have not narrowed down homes to visit yet, it's valuable to visit with your mortgage professional first. Why? It might be difficult to understand the way we can help even before you start to calculate your offer.

Pre-Qualify

When we pre-qualify you, we help you decide the amount in mortgage payments you can afford, and the loan amount you can qualify for. We will accomplish this by reviewing your debts and income, your work and housing situations, the funds available for a down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, with a quick process.

We give you a Pre-Qualification Letter once you qualify, that says that we're confident you'll qualify for up to a certain amount of mortgage dollars.

Buying Clout

Various beneifits open to you when you have found your new house, and have pre-qualification. The first is that you can be sure what you can afford when determining the offer. Even more important to the seller of the home, your pre-qualification gives them certainty - as if you'd come into their house with a suitcase of cash to make the offer! They won't have to worry that that they are wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to fret over. You have the ability to back up your offer.

We help with your pre-qualification

We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. We do this by reviewing your income and debts, your work and residence situations, the available funds for down payment, required reserves, and other financial considerations. We as for a minimum amount of paperwork, with a short, basic process.

One-on-One

You can always use the mortgage calculators here on our website to get an idea of how much mortgage you can afford - but it's also essential to talk with us. We can begin working on your pre-qualification letter. Next, we can review your loan choices to be sure you are in the right one. Contact us at 978-422-2311 to get your pre-qualification process started.

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