The Importance of Pre-Qualification

	In the market for a new mortgage loan? We can assist you! Give us a call today at 314-835-1195. Want to get started? Apply Online Now.

Even if you have not so much as picked out homes to view yet, it's valuable to visit with your mortgage loan professional first. What for? Perhaps it is difficult to understand the ways we can help even before you start to talk about prices and negotiations.

We Can Help You Pre-Qualify

We can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In the process, we calculate your ability to borrow - analyzing your earning status, money available for down payment, debts, income, and other areas. It is a quick, thorough process with minimal risks for papercuts.

When you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are helping you to find the best loan to meet your situation and that we are confident you'll qualify for a mortgage for up to a certain amount.

Power in the Pre-Qual

Several beneifits open to you after you find your dream house, and have pre-qualification. First, you have some general numbers in mind, as the amount you will be able to borrow. Even more important to the seller, your pre-qualification gives them confidence - as if you'd entered their home with a suitcase of cash to back up the offer! They won't have to worry that that they have been wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.

We will help you with your pre-qualification

When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can fit in your budget, and the size of loan you can qualify for. This process outlines your financial situation - your debt, income, job, down payment money, among other things. It's short and to the point; and we keep the paperwork light.

Face to Face

You can always use the calculators here on our site to get an idea of how much mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! Next, we can review your mortgage options and make sure you have chosen the best one. Let us get you started: Contact us at 314-835-1195.

Have questions about pre-qualifying? Call us at 314-835-1195. We answer pre-qualification questions every day.