The Importance of Pre-Qualifying

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Even if you have not so much as researched houses to visit yet, it is important to visit with your mortgage loan professional early. What for? If you don't know yet how much home you need to qualify for, how can we help?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you determine the amount in mortgage payments you can afford, and the size of loan you can qualify for. We do this by analyzing your debts and income, your employment and housing circumstances, the funds available for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.

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

Power in the Pre-Qual

After you locate the house that is right for you, and you want to make an offer, being pre-qualified for a mortgage loan will do a number of things. First, it helps you know the amount that you are able to offer. Having pre-qualification also will make your offer more attractive to the seller, like you were bringing them a suitcase full of cash! They need not worry that they are wasting their time if you can't have the ability to qualify for a big enough mortgage loan. 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 cause them concern. You have the capability to back up your offer.

We can help you pre-qualify

We can help determine 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. In this process, we calculate your ability to borrow - looking at your earning status, money available for down payment, debts, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.

One-on-One

It is vital for you to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculators on our website. For one thing, you'll need a Pre-Qualification Letter! Then, we can make sure we have found the right mortgage loan program for you. Let us get you started: Contact us at 2148657442.

Have questions about pre-qualifying? Call us at 2148657442. American Mortgage Advisers, Inc answers pre-qualifying questions every day.