Why Pre-Qualify?

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Even if you haven't picked out houses to visit yet, it's important to visit with your mortgage professional early. What for? If you don't yet know how much home you want to qualify for, what could we help you with?

Pre-Qualify

When we pre-qualify you, we help you determine the amount in monthly payments you can fit in your budget, and the loan amount you will qualify for. We achieve this by analyzing your debts and income, your employment and housing circumstances, the available funds for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.

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

Power in the Pre-Qual

Armed with your pre-qualification letter, several advantages are yours once you locate the house you want to put together an offer for. First, it helps you know how much you can offer. Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a suitcase full of money to make the deal! They will not need to worry that that they're wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller of the home 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 won't cause them concern. You have the influence of a buyer ready to make the purchase right now!

We help with your pre-qualification

We can help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. In the process, we explore your borrowing potential - analyzing your employment, available money for down payment, debt, income, and other areas. It's short and basic; and we keep the paperwork to a minimum.

One on one

You can certainly use the mortgage calculators on this site to calculate the size mortgage you will be able to afford - but it's also important to talk with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have the right mortgage loan program for you. We are waiting to hear from you: call us at 8132007931.

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