The Importance of Pre-Qualification

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Even if you've not so much as researched houses to view yet, it is valuable to contact your mortgage professional first. Why? It may be hard to fathom the ways in which we could help even before you begin to talk about prices and negotiations.

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 can qualify for. During this process, we determine your borrowing potential - looking at your job, available money for down payment, existing debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

After you qualify, will present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which states that we are partnering with you to find the best loan program to fit your situation and that we're confident you'll qualify for a mortgage up to a certain amount.

Buying Clout

Armed with your pre-qualification letter, a number of advantages fall at your feet at the point you locate the home you want to make an offer on. The first is that you'll know what you will be able to afford when determining your offer. More important to the home seller, your being pre-qualified is like your having walked into their front door with a suitcase full of cash ready to purchase their house! They will not need to wonder if that they are wasting their time if you will not be able to qualify for a high enough mortgage. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't cause them concern. You can have the influence of a buyer ready to make the purchase right now!

We will help you with your pre-qualification

Our mortgage professionals will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We can achieve this by reviewing your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.


While you are able to use our tools to calculate mortgage variables on this website, it is a good idea to sit down and talk with us. For one thing, you'll want a Pre-Qualification Letter! Then, we can make sure we have the ideal mortgage loan program for you. We are waiting to meet with you: call us at (860) 658-7100.

Have questions about pre-qualifying? Call us at (860) 658-7100. Ward Kilduff Mortgage answers pre-qualifying questions every day.

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