Why Pre-Qualification is Important

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It's valuable to bring in your mortgage loan professional early — even before you have started to consider neighborhoods. Why? It might be hard to fathom the ways in which we can help even before you begin to calculate your offer.

Pre-Qualify

We can help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. This process leads you through your current financial situation - your debt, income, employment, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.

After you qualify, we present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are helping you to find the best mortgage loan program to meet your financial needs and that we are confident you'll qualify for a mortgage up to a specific amount.

Pre-Qual Power

When you find a house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage will do a number of things. The first is that you'll be sure the amount you will be able to afford when determining the offer. Being pre-qualified can also make your offer more attractive to the home seller, as if you were bringing them a suitcase full of cash! They need not be concerned that they're wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to be concerned about. You have the ability to back your offer up.

We will help you 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 taking you through pre-qualifying. 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 will ask for a minimum amount of paperwork, with a short, basic process.

One on one

You can always use the calculators available on this site to calculate how much mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have selected the right mortgage loan program for you. Contact us at 317-773-0606 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 317-773-0606. We answer pre-qualification questions every day.