The Importance of Pre-Qualifying

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It is important to consult with your mortgage loan professional as soon as possible — even before you've begun narrowing down neighborhoods. Why? What can we do for you before you have made an offer, and do not know yet the amount you need to borrow?

We Will Help You Pre-Qualify

Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process outlines your financial situation - your debt, income, job, and cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which says that we are partnering with you to find the ideal mortgage loan to meet your needs and that we are confident you will qualify for a loan up to a specific amount.

Power in the Pre-Qual

With your pre-qualification letter, some advantages are yours once you locate the home you want to make an offer on. First of all, you have some definite numbers in mind, as the amount you will qualify for on your mortgage loan. Even more important to the seller of the house, your pre-qualification letter gives them confidence - as if you had come to their house with a suitcase of cash to back up the offer! They need not worry that that they have been wasting their time if you won't be able to have the ability to qualify for a big enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to fret over. They have a virtual guarantee that they can trust your buying power.

We will help you with your pre-qualification

We can help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. In the process, we explore your borrowing potential - analyzing your earning status, money available for down payment, debts, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.

One-on-One

You can always use the calculators available on this site to get an idea of how much mortgage you will be able to afford - but it's also essential to talk with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! Next, we can review your mortgage loan options to be sure you are in the best one. We're waiting to hear from you: call us at (808) 935-0678.

Have questions about pre-qualifying? Call us at (808) 935-0678. Family Mortgage Company of Hawaii, Inc. NMLS #244497 answers pre-qualifying questions every day.