The Importance of Pre-Qualification

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It is valuable to bring in your mortgage professional early — even before you have begun researching neighborhoods. Why? What can we do for you before you have negotiated a purchase amount, and do not know yet how much you need to borrow?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. We do this by analyzing your debts and income, your work and residence situations, the available funds for a down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.

At the point you are considered eligible, we prove our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Pre-Qualification Power

A number of beneifits open to you after you find your new house, and have pre-qualification. First, it lets you know how much you are able to offer. Being pre-qualified will also make your offer look even better to the seller, as if you were bringing them a bag full of cash! They won't have to wonder if that they are wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. You'll have the clout of a buyer ready to make the purchase right now!

We help with your pre-qualification

Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We can do this by analyzing your income and debts, your employment and residence circumstances, the funds available for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.

One on one

While you are able to use our mortgage calculators on our site, it's a good idea to meet with one of our mortgage professional team members. For one thing, you'll want a Pre-Qualification Letter! Next, we can study your mortgage loan choices and make sure you are in the best one. We are waiting to meet with you: contact us at 7072522700.

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