Why Pre-Qualification is Important

	Searching for a mortgage loan? We'd be thrilled to talk about your mortgage needs! Give us a call today at 2147390569. Ready to begin? Apply Now.

It is helpful to see a mortgage professional early, even before you have decided the kind of home you hope to find. What for? It may be hard to fathom the ways we could help even before you start to calculate your offer.

Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the loan amount you can qualify for. The process walks you through your financial situation - your debts, income, employment, and down payment money, among other things. It's short and to the point; We take pride in keeping the paperwork to a minimum.

At the point you are considered eligible, we document our confidence in your potential to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

Once you locate a house that is right for you, and you decide to make an offer, being pre-qualified for a mortgage will do several things. First, it lets you know the amount that you can offer. Even more important to the current owner, your pre-qualification gives them confidence - as if you had come into their home with a big box of cash to back up the offer! They will not have to be concerned that they're 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 count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the capability to back your offer up.

We can help you pre-qualify

We can help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We will accomplish this by reviewing your income and debts, your employment and housing situations, the available funds for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

It is vital to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculator tools on our site. That way, we'll help you get your pre-qualification letter. For another thing, we may be able to find a different mortgage option that fits your goals better. We are eager to hear from you: contact us at 2147390569.

Have questions about pre-qualifying? Call us at 2147390569. American Mortgage Advisers, Inc answers pre-qualifying questions every day.