When to Speak to Your Mortgage Pro

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It is valuable to consult with your mortgage professional as soon as possible — even before you have begun narrowing down neighborhoods. What for? Maybe it is hard to understand the ways we could help even before you start to talk about prices and negotiations.

Pre-Qualify

Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. In the process, we look at your borrowing capacity - analyzing your employment, available money for down payment, existing debt, income, and other areas. We ask for a minimum amount of paperwork, with a quick process.

Once you qualify, we present to you 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 ideal mortgage loan to fit your financial needs and that we're confident you'll qualify for a mortgage loan for up to a certain amount.

Power in the Pre-Qual

Holding your pre-qualification letter, some advantages fall at your feet when you locate the house you want to put together an offer on. First of all, you have some general numbers in mind, as the total you will be able to borrow. More important to the home seller, your pre-qualification is like your having entered their house with a bag full of cash to make the deal! They will not have to be concerned that they are wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You have the ability to back up your offer.

We can help you pre-qualify

Our mortgage professionals can help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. During this process, we look at your capacity to borrow - looking at your earning status, money available for down payment, debts, income, and other areas. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

It's important to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculator tools on our website. We can begin working on your pre-qualification letter. Next, we can review your mortgage program options and make sure you have found the best one. Let us get you started: Contact us at (610) 296-3600.

Have questions about pre-qualifying? Call us at (610) 296-3600. It's our job to answer pre-qualification questions, so we're happy to help!