The Importance of Pre-Qualifying

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It can be valuable to visit with a mortgage professional early, even if you haven't settled on what sort of home to search for. Why? What can we do for you if you have not negotiated an amount, and don't know yet the amount you need to borrow?

Pre-Qualify

We will help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by walking you through pre-qualifying. We will achieve this by analyzing your income and debts, your work and housing circumstances, your funds available for a down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.

After you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which says that we are helping you to find the best mortgage loan to fit your needs and that we're confident you will qualify for a mortgage loan for up to a specific amount.

Power in the Pre-Qual

Armed with your pre-qualification letter, a number of advantages are yours when you locate the house you want to make an offer for. First, it lets you know how much you are able to offer. Being pre-qualified also will make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They won't have to worry that they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your buying power.

We help with your pre-qualification

We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. The process outlines your finances - your debt, income, employment, down payment money, among other things. It's short and to the point; and we take pride in keeping the paperwork light.

Face to Face

It is important to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on this site. For one thing, you will want a Pre-Qualification Letter! For another thing, we may locate a different mortgage program that better fits your needs. Contact us at (808) 935-0678 to get started.

Have questions about pre-qualifying? Call us at (808) 935-0678. It's our job to answer pre-qualification questions, so we're happy to help!

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