When to Talk to Your Mortgage Professional About Pre-Qualification

	Are you looking for a mortgage loan? We'll be glad to answer your questions about your mortgage needs! Give us a call today at (860) 388-9814. Ready to begin? Apply Now.

It's helpful to see a mortgage professional first, even before you've determined what type of house to search for. Why? How can we help 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 find out how much of a monthly payment you can fit in your budget, and how much we of a loan you will qualify for. We can achieve this by considering your debts and income, your work and housing situations, the funds available for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, with a short,basic process.

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

Buying Clout

Holding your pre-qualification letter, a number of advantages are yours when you locate the home you want to make an offer on. The first is that you'll be sure the amount you can afford when determining the offer. Even more important to the seller of the home, your pre-qualification gives them certainty - as if you'd entered their house with a big box of cash to make the offer! They need not be concerned that they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not cause them concern. You have the ability to back up your offer.

We help with your pre-qualification

We will help you calculate how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. In this process, we look at your ability to borrow - reviewing your job, money available for down payment, debts, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork to a minimum.

One on one

You can always use the calculators here on this website to get an idea of how much mortgage you can afford - but it's also valuable to talk with one of our mortgage professionals. For one thing, you will need a Pre-Qualification Letter! For another thing, we might find a different mortgage choice that fits your situation better. We're waiting to hear from you: call us at (860) 388-9814.

Have questions about pre-qualifying? Call us at (860) 388-9814. We answer pre-qualification questions every day.