Why Pre-Qualification is Important

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It's valuable to see a mortgage loan pro early, even if you haven't settled on the kind of house you hope to find. Why? What can we do for you before you have made an offer, and don't know yet the amount you want to borrow?

Pre-Qualify

We can help you calculate how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. The process outlines your financial situation - your debt, income, employment, and down payment money, among other things. It's quick and basic; We take pride in keeping the paperwork light.

When you are considered eligible, we will prove our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

When you locate the house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. The first is that you'll know the amount you'll be able to afford when calculating your offer. Even more important to the current owner, your pre-qualification status gives them confidence - as if you'd entered their home with a big box of cash to make the offer! They won't need to worry that they are wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We can help you pre-qualify

We can help determine how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. We accomplish this by reviewing your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.

One on one

You can certainly use the mortgage calculators on this website to calculate how much mortgage you'll be able to afford - but it's also essential to meet with us. For one thing, you'll want a Pre-Qualification Letter! Next, we can review your mortgage choices to be sure you are in the best one. Let us help you get started: Call us at (575)437-4880.

Have questions about pre-qualifying? Call us at (575)437-4880. We answer pre-qualification questions every day.