The Importance of Pre-Qualifying

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It is important to consult your mortgage loan professional as soon as possible — even before you have started to research neighborhoods. Why? If you don't know yet how much home you need to qualify for, how could we help?

We Can Help You Pre-Qualify

Our mortgage professionals will help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. During the process, we look at your ability to borrow - looking at your employment, money available for down payment, debts, income, and other areas. It's a short, thorough process with minimal risks for papercuts.

After you qualify, will give you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which documents the fact that we are working with you to find the best loan to meet your needs and that we're confident you will qualify for a mortgage loan for up to a specific amount.

Buying Power

Armed with your pre-qualification letter, a number of advantages fall at your feet when you locate the home you want to put together an offer on. The first is that you can be sure what you can afford when determining your offer. Even more important to the seller of the house, your pre-qualification status gives them certainty - as if you had entered their home with a suitcase of cash to make the offer! They won't need to wonder if that they are wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.

We can help you pre-qualify

We can help determine how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. The process leads you through your financial situation - your debt, income, career, down payment money, among other things. It is a quick, thorough process with minimal risks for papercuts.

One-on-One

While you are encouraged to try our tools to calculate mortgage variables on this site, it is a good idea to meet with us. That way, we can help you get your pre-qualification letter. Next, we can review your mortgage program choices and make sure you are in the best one. Contact us at 7072522700 to get started.

Have questions about pre-qualifying? Call us at 7072522700. Custom Lending Group answers pre-qualifying questions every day.