Why Pre-Qualification is Important

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Even if you haven't so much as narrowed down homes to view yet, it's important to see your mortgage professional early. What for? What can we do for you if you have not made an offer, and do not yet know the amount you need to borrow?

We Will Help You Pre-Qualify

We will help you calculate how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. The process outlines your finances - your debt, income, job, and cash available for down payment, among other things. It's quick and basic; We take pride in keeping the paperwork light.

After you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which documents the fact that we are working with you to find the right mortgage loan to fit your financial needs and that we are confident you'll qualify for a mortgage up to a specific amount.

Pre-Qual Power

With your pre-qualification letter, some advantages fall at your feet at the point you locate the house you want to make an offer on. First of all, you have some concrete numbers in mind, as the amount you will be able to borrow. Of greater importance to the existing home owner, your being pre-qualified is like your having entered their house with a bag full of money ready to make the deal! They won't have to be concerned they have been wasting their time if you can't be able to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to fret over. They have a virtual guarantee to trust your buying power.

We help with your pre-qualification

Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. The process leads you through your finances - your debt, income, career, cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short, basic process.

Face to Face

It is important for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculator tools on our website. We can work toward your pre-qualification letter. For another thing, we may be able to find a different mortgage program that fits your needs better. We're waiting to meet with you: call us at 2147390569.

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