Why Pre-Qualification is Important

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It's helpful to consult your mortgage loan professional early — even before you've started narrowing down neighborhoods. Why? How can we help you if you haven't made an offer, and don't yet know the amount you want to borrow?

Pre-Qualify

We will help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process outlines your finances - your debt, income, career, and cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.

Once you qualify, we give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that says that we are partnering with you to find the right loan to fit your needs and that we're confident you'll qualify for a loan for a certain amount.

Power in the Pre-Qual

After you locate a house that is best for you, and you want to put together an offer, being pre-qualified for a mortgage will do a couple of things. First, you have some definite numbers in mind, as the amount you will be able to borrow. More important to the existing home owner, your being pre-qualified is like your having entered their house with a bag full of cash to make the deal! They won't need to be concerned that they are wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to fret over. You have the ability to back up your offer.

We help with your pre-qualification

We will help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through the pre-qualification process. We can do this by reviewing your debts and income, your work and residence situations, your available funds for down payment, required reserves, and other financial considerations. We as for a minimum amount of paperwork, and avoid a lengthy process.

One on one

While you are encouraged to use our mortgage calculators on this website, it is essential to meet with one of our mortgage professional team members. We can work toward your pre-qualification letter. Then, we'll make sure we have chosen the right mortgage loan program for your situation. Contact us at 919-787-6080 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 919-787-6080. We answer pre-qualification questions every day.