The Importance of Pre-Qualification

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It's important to consult with your mortgage loan professional early — even before you've started narrowing down neighborhoods. What for? How can we help you before you have negotiated an amount, and don't know yet how much you need to borrow?

We Will Help You Pre-Qualify

We will help you see how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. The process takes you through your current financial situation - your debts, income, employment, and down payment money, among other things. We will ask for a minimum amount of paperwork, with a quick process.

Once you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which states that we are helping you to find the ideal mortgage to fit your situation and that we are confident you will qualify for a loan for up to a specific amount.

Power in the Pre-Qual

After you locate a house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it lets you know how much you're able to offer. Of greater importance to the seller, your pre-qualification is like your having walked into their front door with a suitcase full of money to purchase the home! They will not have to be concerned they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the capability to back up your offer.

We will help you pre-qualify

Our mortgage professionals can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. We accomplish this by analyzing your debts and income, your employment and housing circumstances, the available funds for a 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 encouraged to try our tools to calculate mortgage variables on our site, it's essential to sit down and talk with one of our mortgage professional team members. We can walk you through your pre-qualification letter. Next, we can consider your loan choices and be sure you are in the best one. We're eager to hear from you: contact us at 610-853-6500.

Have questions about pre-qualifying? Call us at 610-853-6500. It's our job to answer pre-qualification questions, so we're happy to help!