The Importance of Pre-Qualification

	Shopping for a mortgage loan? We can help! Call us at 972-447-5778. Ready to get started? Apply Now.

It can be important to see a mortgage professional early, even before you've decided what type of home to search for. What for? If you don't know yet how much home you need to qualify for, how could we help?

We Can 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 size of loan you can qualify for. We will do this by considering your debts and income, your employment and housing situations, your funds available for down payment, required reserves, and some other things. It's short and to the point; We keep the paperwork light.

We will give you a Pre-Qualification Letter after you qualify, that states that we're confident you'll qualify for a specific amount of mortgage loan dollars.

Buying Power

When you locate a house that is right for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do a couple of things. First, it lets you know how much you are able to offer. Even more important to the current owner, your pre-qualification letter gives them certainty - as if you'd entered their house with a suitcase of cash to make the offer! They will not have to be concerned that they are wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to worry about. You have the capability to back your offer up.

We can help you pre-qualify

When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can afford, and how much we of a loan you will qualify for. We achieve this by considering your debts and income, your work and housing circumstances, your available funds for down payment, required reserves, and other financial considerations. It is a short, thorough process with minimal risks for papercuts.

One-on-One

You can certainly use the calculators available on our site to calculate the size mortgage you'll be able to afford - but it's also essential to meet with us. We can work toward your pre-qualification letter. Then, we will make sure we have the ideal mortgage program for your situation. Contact us at 972-447-5778 to get started.

Have questions about pre-qualifying? Call us at 972-447-5778. We answer pre-qualification questions every day.