When to Speak to Your Mortgage Professional

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It is valuable to see a mortgage loan pro early, even before you have determined the sort of house you hope to find. What for? If you don't yet know how much house you want to qualify for, how can we help?

Pre-Qualify

We will help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. In this process, we calculate your capacity to borrow - reviewing your employment, available money for down payment, debt, income, and other areas. We ask for a minimum amount of paperwork, and avoid a lengthy process.

When you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that documents the fact that we are partnering with you to find the ideal loan program to meet your financial needs and that we're confident you will qualify for a loan up to a specific amount.

Power in the Pre-Qual

Armed with your pre-qualification letter, a number of advantages are yours when you locate the home you want to put together an offer on. First, it lets you know how much you're able to offer. More important to the current home owner, your pre-qualification is like your having walked into their front door with a suitcase full of money to make the deal! They will not need to be concerned they have been wasting their time if you do not be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You can have the influence of a buyer ready to make the deal on the spot!

We will help you with your pre-qualification

When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and how much we of a loan you will qualify for. This process leads you through your current financial situation - your debts, income, job, down payment money, among other things. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

You can certainly use the mortgage calculators on this website to calculate how much mortgage you can afford - but it's also essential to talk with us. We can begin working on your pre-qualification letter. For another thing, we could be able to find a different mortgage loan option that fits your goals better. Let us help you get started: Contact us at 206-920-1112.

Have questions about pre-qualifying? Call us at 206-920-1112. It's our job to answer pre-qualification questions, so we're happy to help!