Why Pre-Qualification is Important

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It is valuable to consult your mortgage loan professional as soon as possible — even before you have started to research neighborhoods. Why? If you do not know yet how much home you want to qualify for, what can we help you with?

Pre-Qualify

We will help you see how much of a mortgage you can afford, and how much money you can borrow, by walking you through the pre-qualification process. During this process, we determine your capacity to borrow - looking at your job, money available for down payment, debt, income, and other circumstances. It's quick and basic; We keep the paperwork light.

After you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that states that we are partnering with you to find the right mortgage to fit your financial needs and that we're confident you will qualify for a loan up to a certain amount.

Pre-Qual Power

When you locate the house that catches your eye, and you want to make an offer, being pre-qualified for a loan will do a couple of things. The first is that you will know what you can afford when calculating the offer. Having pre-qualification also will make your offer look even better to the seller, like you were bringing them a suitcase of cash! They need not be concerned they're wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to worry about. You'll have the influence of a buyer ready to make the deal on the spot!

We will help you with your pre-qualification

We can help you see how much of a mortgage you can afford, and the amount of money you will be able to borrow, by taking you through pre-qualifying. We can do this by reviewing your income and debts, your employment and housing situations, your available funds for down payment, required reserves, and some other things. We as for a minimum amount of paperwork, and avoid a lengthy process.

One on one

While you are encouraged to benefit from our tools to calculate mortgage variables on our website, it's a good idea to meet with one of our mortgage professional team members. That way, we'll be able to help you get your pre-qualification letter. For another thing, we may find a different mortgage program that is a better fit for you. We're waiting to meet with you: contact us at (215) 661-9570.

Have questions about pre-qualifying? Call us at (215) 661-9570. It's our job to answer pre-qualification questions, so we're happy to help!