Why it's Important to Pre-Qualify

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Even if you haven't narrowed down houses to view yet, it's important to visit with your mortgage loan professional early. What for? When you don't know yet how much home you want to qualify for, how could we help?

We Can Help You Pre-Qualify

Our mortgage professionals will help you determine how much of a loan you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. This process outlines your finances - your debt, income, employment, and cash available for down payment, among other things. We require a minimum amount of paperwork, with a short,basic process.

We'll give you a Pre-Qualification Letter once you qualify, that states that we're confident you will qualify for up to a certain amount of mortgage loan dollars.

Power in the Pre-Qual

Once you find a house that is best for you, and you decide to make an offer, being pre-qualified for a loan will do a couple of things. First, you have some concrete numbers in mind, as the amount you will qualify for on your mortgage loan. Even more important to the current owner, your pre-qualification gives them confidence - as if you had arrived at their house with a suitcase of cash to back up the offer! They will not need to be concerned that they're wasting their time if you will not be able to qualify for a high enough mortgage. The seller 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 will not be something for them to lose sleep over. You'll have the sway of a buyer ready to make the purchase right now!

We will help you with your pre-qualification

When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can afford, and the loan amount you can qualify for. We achieve this by analyzing your debts and income, your employment and residence circumstances, your available funds for down payment, required reserves, and some other things. It's quick and basic; and we take pride in keeping the paperwork to a minimum.

Face to Face

You can always use the calculators here on this site to calculate the size mortgage you'll be able to afford - but it's also essential to meet with us. We can begin working on your pre-qualification letter. Then, we will make sure we have the right mortgage program for you. We're eager to meet with you: call us at (718) 477-4405.

Have questions about pre-qualifying? Call us at (718) 477-4405. Chris Caggiano - Grand Oaks Funding, LLC answers pre-qualifying questions every day.

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