Why Pre-Qualification is Important

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It is valuable to see a mortgage loan pro first, even before you've decided what type of home you hope to find. What for? When you don't know yet how much house you need to qualify for, what can we help you with?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly mortgage payments you can afford, and the loan amount you will qualify for. In this process, we explore your borrowing potential - looking at your employment, money available for down payment, debts, income, and other areas. It's quick and to the point; We take pride in keeping the paperwork to a minimum.

At the point you are determined to be eligible, we will prove our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

With your pre-qualification letter, some advantages are yours at the point you locate the home you want to make an offer on. First, it lets you know the amount that you're able to offer. More important to the seller, your being pre-qualified is like your having entered their front door with a bag full of money to make the deal! They need not be concerned they have been wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You have the capability to back up your offer.

We will help you pre-qualify

Our mortgage professionals can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. In this process, we determine your borrowing power - reviewing your earning status, available money for down payment, debt, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.

Face to Face

It is vital to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculators on our website. We can work toward your pre-qualification letter. For another thing, we might find a different mortgage choice that better fits your needs. Let us get you started: Call us at 203-730-4070.

Have questions about pre-qualifying? Call us at 203-730-4070. Mortgage Affiliates of America, Inc. answers pre-qualifying questions every day.

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