The Importance of Pre-Qualification

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It is valuable to consult with your mortgage loan professional early — even before you have begun researching neighborhoods. Why? If you don't know yet how much home you need to qualify for, what can we help you with?

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 mortgage payment amount you can afford by getting you pre-qualified. During the process, we calculate your borrowing capacity - looking at your earning status, 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 give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are working with you to find the best loan to meet your needs and that we are confident you'll qualify for a mortgage up to a certain amount.

Buying Clout

Once you find a house that is right for you, and you decide to put together an offer, being pre-qualified for a loan will do several things. First, it helps you know how much you're able to offer. More important to the existing home owner, your pre-qualification is like your having walked into their house with a suitcase full of money ready to purchase their home! They will not have to worry that they are wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.

We will help you pre-qualify

We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. The process outlines your current financial situation - your debt, income, career, down payment money, among other things. We require a minimum amount of paperwork, with a quick process.

One-on-One

You can certainly use the mortgage calculators here on our website to calculate the size mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! Next, we can consider your mortgage choices and be sure you are in the best one. Let us help you get started: Call us at 7045420820.

Have questions about pre-qualifying? Call us at 7045420820. M.P.S. Mortgage Company answers pre-qualifying questions every day.