The Importance of Pre-Qualification

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Even if you've not researched homes to view yet, it's important to see your mortgage pro early. What for? What can we do for you if you haven't negotiated a purchase amount, and do not yet know how much you want to borrow?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the loan amount you will qualify for. This process outlines your finances - your debts, income, career, and cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

After you are determined to be eligible, we prove our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

After you locate the house that catches your eye, and you want to put together an offer, being pre-qualified for a loan will do a couple of things. First, you have some general numbers in mind, as the total you will be able to borrow. Your pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a suitcase of cash! They will not need to be concerned they are wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to worry about. You can have the influence of a buyer ready to make the purchase right now!

We will help you with your pre-qualification

We will help you calculate the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we look at your capacity to borrow - reviewing your job, available money for down payment, debts, income, and other areas. We as for a minimum amount of paperwork, and avoid a lengthy process.

One on one

You can certainly use the mortgage calculators here on our website to get an idea of how much mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. For one thing, you will need a Pre-Qualification Letter! Next, we can review your loan choices to make sure you have found the best one. We are waiting to hear from you: contact us at 7072522700.

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