Why Pre-Qualification is Important

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It's helpful to visit with a mortgage professional first, even if you haven't settled on the sort of house to search for. Why? When you don't yet know how much home you need to qualify for, what can we do for you?

We Will Help You Pre-Qualify

We can help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. We do this by analyzing your debts and income, your work and housing situations, your available funds for a down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, with a short,basic process.

Once you are considered eligible, we prove our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Holding your pre-qualification letter, several advantages are yours when you find the home you want to make an offer for. First, it lets you know the amount that you are able to offer. Even more important to the seller of the home, your pre-qualification letter gives them confidence - as if you'd come to their house with a big box of cash to make the offer! They will not have to wonder if that they have been wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount won't cause them concern. You have the sway of a buyer ready to make the purchase right now!

We will help you with your pre-qualification

We can help you calculate how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. We can accomplish this by analyzing your debts and income, your work and residence circumstances, your available funds for down payment, required reserves, and some other things. It's short and to the point; and we keep the paperwork light.

One on one

While you are able to try our mortgage calculators on this site, it is a good idea to sit down and talk with us. We can begin working on your pre-qualification letter. Next, we can study your loan options to be sure you have selected the right one. We're eager to meet with you: contact us at 314-835-1195.

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