Why Pre-Qualification is Important

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It can be valuable to visit with a mortgage professional first, even before you've decided what type of home to look for. What for? When you do not yet know how much home you need to qualify for, what can we do for you?

Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and how much we of a loan you can qualify for. During this process, we look at your borrowing potential - analyzing your employment, money available for down payment, debts, income, and other areas. It's short and basic; We take pride in keeping the paperwork to a minimum.

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

Buying Clout

When you find the house that is ideal for you, and you want to make an offer, being pre-qualified for a loan will do a number of things. The first is that you'll be sure the amount you'll be able to afford when putting together the offer. Being pre-qualified also will make your offer more attractive to the seller, like you were bringing them a suitcase of cash! They need not be concerned they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to worry about. They have a virtual guarantee to trust your buying power.

We will help you with your pre-qualification

We can help you see how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. We achieve this by considering your debts and income, your work and housing situations, your available funds for a down payment, required reserves, and some other things. It's quick and basic; and we keep the paperwork to a minimum.

One on one

While you are able to benefit from our mortgage calculators on our website, it will be essential to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. Then, we'll make sure we have the right mortgage program for your situation. Let us help you get started: Call us at 8132007931.

Have questions about pre-qualifying? Call us at 8132007931. Sky Apply Mortgage, Inc answers pre-qualifying questions every day.