When to Talk to Your Mortgage Professional About Pre-Qualification

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It is important to consult your mortgage professional early — even before you've started to consider neighborhoods. What for? If you don't know yet how much home you need to qualify for, what could we do for you?

Pre-Qualify

We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. We do this by analyzing your debts and income, your employment and residence circumstances, the funds available for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.

After you are considered eligible, we document our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Clout

After you locate a house that is best for you, and you want to make an offer, being pre-qualified for a mortgage loan will do several things. The first is that you will be sure what you'll be able to afford when determining your offer. Of greater importance to the current home owner, your being pre-qualified is like your having entered their house with a suitcase full of cash to purchase the house! They won't need to wonder if that they're wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't be something for them to be concerned about. You can have the sway of a buyer ready to make the purchase on the spot!

We can help you pre-qualify

When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can afford, and the loan amount you will qualify for. The process outlines your financial situation - your debts, income, employment, down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

While you can benefit from our tools to calculate mortgage variables on this website, it's a good idea to meet with us. For one thing, you'll want a Pre-Qualification Letter! For another thing, we could locate a different mortgage option that is a better fit for you. Let us get you started: Call us at 516-431-2009.

Have questions about pre-qualifying? Call us at 516-431-2009. We answer pre-qualification questions every day.