The Importance of Pre-Qualification

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Even if you've not researched houses to visit yet, it is advantageous to contact your mortgage loan professional first. What for? When you don't yet know how much home you need to qualify for, how could we help?

We Can Help You Pre-Qualify

We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. In this process, we calculate your capacity to borrow - looking at your job, available money for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.

At the point you are determined to be eligible, we document our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").

Pre-Qualification Power

Various advantages open to you once you have found your dream house, and have pre-qualification power. First of all, you have some concrete numbers in mind, as the total you can borrow. Even more important to the current owner, your pre-qualification gives them confidence - as if you had arrived at their house with a big box of cash to make the offer! They won't need to worry that they are wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.

We will help you pre-qualify

We will 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. The process outlines your current financial situation - your debts, income, career, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.

One on one

It is vital for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage loan calculators on this website. We can begin getting your pre-qualification letter. Next, we can consider your mortgage loan options and make sure you have selected the best one. Contact us at 718-766-9112 to get started.

Have questions about pre-qualifying? Call us at 718-766-9112. We answer pre-qualification questions every day.