Why Pre-Qualification is Important

It's valuable to see a mortgage professional first, even before you have determined what sort of home you hope to find. Why? When you don't yet know how much house you need to qualify for, what could we do for you?

We Will Help You Pre-Qualify

We will help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. The process walks you through your finances - your debt, income, job, and cash available for down payment, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

When you are considered eligible, we document our confidence in your potential to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Pre-Qualification Power

Various beneifits open to you once you have found your dream house, and have pre-qualification power. First, it lets you know the amount that you're able to offer. Having pre-qualification can also make your offer more attractive to the home seller, like you were bringing them a big box of cash! They won't have to be concerned they are wasting their time if you don't have the ability 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 your needed mortgage loan amount won't cause them concern. You have the capability to back your offer up.

We will help you pre-qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the loan amount you can qualify for. We achieve this by considering your income and debts, your work and housing circumstances, the available funds for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

One on one

It's vital for you to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculator tools on our site. For one thing, you will need a Pre-Qualification Letter! Then, we will make sure we have found the ideal mortgage program for your situation. Let us help you get started: Call us at 562-328-5576.

Have questions about pre-qualifying? Call us at 562-328-5576. Boardwalk Financial answers pre-qualifying questions every day.