The Importance of Pre-Qualifying

It's valuable to bring in your mortgage professional as soon as possible — even before you have started to consider neighborhoods. Why? What can we do for you before you have made your offer, and do not yet know how much you need to borrow?

Pre-Qualify

We can help determine how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. In the process, we determine your ability to borrow - reviewing your employment, money available for down payment, existing debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.

Once you qualify, we present to you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that states that we are helping you to find the ideal mortgage loan program to meet your situation and that we're confident you'll qualify for a mortgage loan for a specific amount.

Pre-Qualification Power

Armed with your pre-qualification letter, some advantages are yours when you locate the house you want to put together an offer on. First, it lets you know how much you're able to offer. Of greater importance to the seller, your pre-qualification is like your having walked into their house with a suitcase full of cash to make the deal! They will not need to be concerned they're wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You have the sway of a buyer ready to make the purchase on the spot!

We help with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you can qualify for. We will achieve this by reviewing your income and debts, your employment and housing circumstances, the available funds for down payment, required reserves, and other financial considerations. It's short and basic; and we keep the paperwork to a minimum.

One on one

It's important for you to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculator tools on this site. That way, we'll help you get your pre-qualification letter. Then, we will make sure we have selected the right mortgage program for your situation. Let us help you get started: Call us at 602-953-1700.

Have questions about pre-qualifying? Call us at 602-953-1700. Creative Home Loans answers pre-qualifying questions every day.