When to Speak to a Mortgage Pro About Pre-Qualification

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Even if you have not so much as narrowed down houses to view yet, it is advantageous to visit with your mortgage pro early. What for? When you don't yet know how much home you need to qualify for, how could we help?

Pre-Qualify

We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. In this process, we look at your borrowing potential - looking at your earning status, money available for down payment, debt, income, and other areas. It's a quick, thorough process with minimal risks for papercuts.

Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are working with you to find the right mortgage to meet your situation and that we're confident you'll qualify for a mortgage for up to a certain amount.

Power in the Pre-Qual

A number of advantages open to you when you've found your new house, and have pre-qualification. The first is that you will know what you'll be able to afford when determining your offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd arrived at their house with a suitcase of cash to make the offer! They will not have to wonder if that they have been wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to fret over. They have a virtual guarantee to trust your ability to back up your offer.

We will help you with your pre-qualification

We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through the pre-qualification process. This process walks you through your finances - your debts, income, career, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.

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 our website. For one thing, you'll want a Pre-Qualification Letter! For another thing, we could be able to find a different mortgage option that is a better fit for you. We are eager to hear from you: contact us at (610) 889-7467.

Have questions about pre-qualifying? Call us at (610) 889-7467. We answer pre-qualification questions every day.

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