The Importance of Pre-Qualification

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Even if you have not so much as researched homes to view yet, it's valuable to visit with your mortgage professional first. What for? What can we do for you before you have made an offer, and don't yet know how much you want to borrow?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. In the process, we determine your capacity to borrow - analyzing your employment, money available for down payment, debts, income, and other areas. It's quick and to the point; We take pride in keeping the paperwork light.

Once you qualify, will present to 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 loan to meet your situation and that we are confident you'll qualify for a loan for a specific amount.

Power in the Pre-Qual

Armed with your pre-qualification letter, a number of advantages fall at your feet once you find the house you want to put together an offer on. First, it lets you know how much you are able to offer. Having pre-qualification will also make your offer more attractive to the seller, as if you were bringing them a bag full of cash! They will not have to be concerned that they have been wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to lose sleep over. You will have the clout of a buyer ready to make the deal right now!

We can help you pre-qualify

Our mortgage professionals can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. The process leads you through your financial situation - your debt, income, job, 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 are encouraged to benefit from our mortgage calculators on our site, it is essential to sit down and talk with us. We can walk you through your pre-qualification letter. For another thing, we could find a different mortgage option that is a better fit for you. Contact us at 314-835-1195 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 314-835-1195. Alternative Mortgage Solutions, Inc. answers pre-qualifying questions every day.