Why Pre-Qualification is Important

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It can be helpful to see a mortgage professional first, even if you haven't decided what sort of home you hope to find. Why? If you don't yet know how much house you need to qualify for, what could we help you with?

Pre-Qualify

Our mortgage professionals will help you find out how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. We will achieve this by considering your debts and income, your work and residence circumstances, your available funds for a down payment, required reserves, and some other things. It's quick and basic; We keep the paperwork to a minimum.

We award you a Pre-Qualification Letter when you qualify, that says that we are confident you can qualify for a certain amount of mortgage loan dollars.

Buying Power

When you find a house that meets your needs, and you decide to put together an offer, being pre-qualified for a loan will do a couple of things. First of all, you have some general numbers in mind, as the total you will qualify for with your mortgage. Even more important to the current owner, your pre-qualification gives them confidence - as if you had come into their home with a bag of cash to back up the offer! They won't need to wonder if that they have been wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to worry about. You have the influence of a buyer ready to make the purchase on the spot!

We help with your pre-qualification

We will help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. In the process, we look at your capacity to borrow - analyzing your earning status, available money for down payment, debt, income, and other circumstances. We as for a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

You can always use the calculators on this site to get an idea of how much mortgage you will be able to afford - but it's also important to talk with one of our mortgage professionals. That way, we will help you get your pre-qualification letter. Then, we'll make sure we have chosen the ideal mortgage program for your situation. We're eager to hear from you: call us at (860) 658-7100.

Have questions about pre-qualifying? Call us at (860) 658-7100. It's our job to answer pre-qualification questions, so we're happy to help!

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