Why it's Important to Pre-Qualify

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It's valuable to see a mortgage professional first, even before you have decided the sort of home to look for. Why? When you don't yet know how much home you need to qualify for, what could we do for you?

Pre-Qualify

We will help you see how much of a mortgage loan you can afford, and how much money you may be able to borrow, by taking you through the pre-qualification process. In the process, we calculate your borrowing capacity - analyzing your employment, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, with a short,basic process.

We'll give you a Pre-Qualification Letter once you qualify, which documents that we're confident you will qualify for up to a certain amount of mortgage dollars.

Buying Clout

With your pre-qualification letter, a number of advantages are yours when you locate the home you want to put together an offer on. First, it lets you know the amount that you're able to offer. Even more important to the seller of the house, your pre-qualification gives them certainty - as if you'd come to their house with a suitcase of cash to make the offer! They won't need to wonder if they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. You will have the clout of a buyer ready to make the purchase on the spot!

We will help you pre-qualify

We will help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. We do this by considering your debts and income, your work and residence situations, your funds available for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.

One on one

While you can benefit from our tools to calculate mortgage variables on this site, it will be essential to sit down and talk with one of our mortgage professional team members. That way, we will be able to help you get your pre-qualification letter. Then, we will make sure we have the right mortgage loan program for you. Contact us at (860) 658-7100 to get started.

Have questions about pre-qualifying? Call us at (860) 658-7100. We answer pre-qualification questions every day.

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