Why Pre-Qualification is Important

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It's valuable to consult your mortgage loan professional early — even before you've begun narrowing down neighborhoods. Why? When you do not yet know how much house you need to qualify for, what can we help you with?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the size of loan you can qualify for. We accomplish this by reviewing your income and debts, your employment and residence circumstances, your funds available for a down payment, required reserves, and other financial considerations. It's short and to the point; We keep the paperwork to a minimum.

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

Pre-Qual Power

Once you find a house that is best for you, and you decide to put together an offer, being pre-qualified for a mortgage loan will do several things. First of all, you have some definite numbers in mind, as the total you will qualify for with your loan. Being pre-qualified will also make your offer more attractive to the home seller, like you were bringing them a bag full of cash! They will not have to wonder if that they're wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to lose sleep over. They have a virtual guarantee that they can trust your ability to back up your offer.

We can help you pre-qualify

We will 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. In the process, we calculate your borrowing potential - looking at your employment, money available for down payment, debt, income, and other areas. We will ask for a minimum amount of paperwork, with a short, basic process.

One-on-One

It's vital for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculators on this site. For one thing, you'll need a Pre-Qualification Letter! Next, we can study your mortgage loan choices to make sure you have found the right one. Let us help you get started: Contact us at (815) 838-6613.

Have questions about pre-qualifying? Call us at (815) 838-6613. We answer pre-qualification questions every day.