The Importance of Pre-Qualification

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Even if you haven't picked out homes to visit yet, it is valuable to contact your mortgage loan professional early. What for? Perhaps it is hard to understand the ways we can help even before you start to negotiate.

We Will Help You Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. This process outlines your current financial situation - your debts, income, employment, and down payment money, among other things. It's quick and basic; We keep the paperwork to a minimum.

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

Pre-Qualification Power

After you locate the house that is right for you, and you want to make an offer, being pre-qualified for a loan will do several things. First, it lets you know the amount that you're able to offer. Even more important to the seller, your pre-qualification gives them confidence - as if you had arrived at their house with a suitcase of cash to back up the offer! They will not need to be concerned that they're wasting their time if you do not have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We will help you pre-qualify

When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can afford, and how much we of a loan you can qualify for. This process takes you through your finances - your debt, income, employment, cash available for down payment, among other things. We will require a minimum amount of paperwork, with a quick process.

One on one

While you can try our mortgage calculators on this site, it's essential to sit down and talk with us. For one thing, you will want a Pre-Qualification Letter! Next, we can review your mortgage program choices and make sure you have selected the right one. Let us get you started: Contact us at 314-835-1195.

Have questions about pre-qualifying? Call us at 314-835-1195. It's our job to answer pre-qualification questions, so we're happy to help!