Why Pre-Qualification is Important

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It can be valuable to visit with a mortgage loan pro first, even before you have decided the sort of house you hope to find. What for? How can we help you if you haven't negotiated a price, and do not yet know how much you want to borrow?

Pre-Qualify

We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. We can do this by analyzing your debts and income, your employment and residence situations, your available funds for a down payment, required reserves, and other financial considerations. We ask for a minimum amount of paperwork, with a short,basic process.

When you are determined to be eligible, we prove our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Clout

Holding your pre-qualification letter, several advantages fall at your feet once you find the house you want to put together an offer on. First, it lets you know the amount that you're able to offer. Having pre-qualification also will make your offer look even better to the home seller, like you were bringing them a bag full of cash! They need not wonder if they have been wasting their time if you do not be able to qualify for a big enough mortgage. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not be something for them to be concerned about. You have the ability to back your offer up.

We help with your pre-qualification

We will help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. The process outlines your current financial situation - your debt, income, employment, down payment money, among other things. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.

Face to Face

While you can try our tools to calculate mortgage variables on this site, it's a good idea to sit down and talk with one of our mortgage professional team members. That way, we'll be able to help you get your pre-qualification letter. Then, we can make sure we have selected the ideal mortgage loan program for you. We are waiting to meet with you: contact us at 9722920448.

Have questions about pre-qualifying? Call us at 9722920448. Hook and Ladder Lending - powered by Sublime Financial, LLC answers pre-qualifying questions every day.