Why it's Important to Pre-Qualify

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It is helpful to consult your mortgage loan professional early — even before you have started to research neighborhoods. Why? If you don't know yet how much house you want to qualify for, what can we help you with?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you find out the amount in mortgage payments you can fit in your budget, and the loan amount you can qualify for. In this process, we calculate your capacity to borrow - reviewing your employment, money available for down payment, debts, income, and other areas. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

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

Buying Power

With your pre-qualification letter, a number of advantages fall at your feet once you find the house you want to put together an offer for. The first is that you can know the amount you can afford when calculating the offer. Your pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a suitcase full of cash! They will not have to worry that they are wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your buying power.

We will help you with your pre-qualification

When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. This process outlines your finances - your debts, income, career, down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.

One on one

It's important for you to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculators on our site. For one thing, you'll need a Pre-Qualification Letter! Next, we can study your mortgage program options to make sure you are in the best one. Let us help you get started: Contact us at (703) 551-4107.

Have questions about pre-qualifying? Call us at (703) 551-4107. It's our job to answer pre-qualification questions, so we're happy to help!

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