The Importance of Pre-Qualifying

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Even if you have not picked out houses to visit yet, it can be valuable to see your mortgage loan professional early. What for? What can we do for you before you have negotiated a purchase amount, and don't know yet the amount you want to borrow?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you figure out the amount in mortgage payments you can afford, and the size of loan you will qualify for. The process outlines your financial situation - your debts, income, employment, and cash available for down payment, among other things. It's short and basic; We take pride in keeping the paperwork to a minimum.

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

Pre-Qualification Power

Various beneifits open to you when you have found your new house, and have pre-qualification power. First, it helps you know the amount that you can offer. More important to the existing home owner, your pre-qualification is like your having entered their front door with a suitcase full of money ready to purchase the house! They won't have to be concerned they are wasting their time if you will not be able to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You have the capability to back up your offer.

We will help you pre-qualify

When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can fit in your budget, and the loan amount you can qualify for. In this process, we look at your ability to borrow - reviewing your job, money available for down payment, debts, income, and other areas. It's short and basic; and we keep the paperwork light.

One-on-One

It is vital for you to sit down and talk with us, even though you are free to also use the helpful mortgage calculators on this website. For one thing, you'll want a Pre-Qualification Letter! Then, we will make sure we have the right mortgage loan program for you. Let us help you get started: Contact us at (718) 477-4405.

Have questions about pre-qualifying? Call us at (718) 477-4405. It's our job to answer pre-qualification questions, so we're happy to help!

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