When to Talk to a Mortgage Professional About Pre-Qualifying

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It is helpful to consult your mortgage loan professional as soon as possible — even before you have started researching neighborhoods. Why? What can we do for you before you have negotiated an amount, and do not know yet how much you need to borrow?

Pre-Qualify

When we pre-qualify you, we help you figure out the amount in monthly mortgage payments you can afford, and the loan amount you will qualify for. During this process, we explore your borrowing power - analyzing your employment, available money for down payment, debt, income, and other circumstances. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

When you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Several advantages open to you once you have found your dream house, and have achieved pre-qualification. First of all, you have some definite numbers in mind, as the amount you will be able to borrow. Being pre-qualified also will make your offer look even better to the seller, as if you were bringing them a suitcase full of cash! They won't have to worry that that they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't 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 your offer up.

We will help you with your pre-qualification

Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. The process outlines your finances - your debts, income, job, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.

Face to Face

It's vital for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculators on our site. That way, we will help you get your pre-qualification letter. Then, we can make sure we have selected the ideal mortgage loan program for your situation. We're eager to meet with you: call us at 8557558700.

Have questions about pre-qualifying? Call us at 8557558700. MortgageZ LLC answers pre-qualifying questions every day.