The Importance of Pre-Qualification

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It's important to consult with your mortgage loan professional early — even before you've started to research neighborhoods. Why? If you do not know yet how much home you want to qualify for, what can we do for you?

We Can Help You Pre-Qualify

Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. During this process, we look at your borrowing power - reviewing your employment, available money for down payment, debt, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.

Once you qualify, will present to you what's called 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 mortgage loan to fit your situation and that we are confident you'll qualify for a loan up to a specific amount.

Buying Power

Some advantages open to you when you've found your new house, and have achieved pre-qualification power. First, it helps you know the amount that you can offer. Having pre-qualification can also make your offer look even better to the seller, like you were bringing them a suitcase full of cash! They won't need to wonder if that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller of the home 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 won't cause them concern. You have the capability to back your offer up.

We can help you pre-qualify

When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can afford, and the loan amount you can qualify for. We do this by analyzing your debts and income, your work and residence situations, your available funds for down payment, required reserves, and some other things. It's short and to the point; and we keep the paperwork to a minimum.

One-on-One

It is important to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculators on our site. That way, we'll help you get your pre-qualification letter. Next, we can study your mortgage loan options to make sure you have selected the best one. We are waiting to meet with you: contact us at 203-730-4070.

Have questions about pre-qualifying? Call us at 203-730-4070. We answer pre-qualification questions every day.