Why Pre-Qualification is Important

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It's valuable to see a mortgage professional first, even before you have decided the kind of house you hope to find. Why? When you don't yet know how much home you need to qualify for, how could we help?

We Will Help You Pre-Qualify

We will help you see how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. We will do this by reviewing your debts and income, your employment and residence situations, the funds available for down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.

After you are considered eligible, we prove our confidence in your capacity to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Pre-Qualification Power

Holding your pre-qualification letter, some advantages are yours at the point you find the home you want to make an offer on. First, you have some concrete numbers in mind, as the amount you will qualify for with your mortgage. More important to the home seller, your pre-qualification is like your having walked into their house with a bag full of cash ready to purchase the home! They won't need to be concerned they are wasting their time if you don't be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't cause them concern. You have the ability to back your offer up.

We will help you with your pre-qualification

Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We will accomplish this by reviewing your income and debts, your work and residence circumstances, your funds available for down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

You can always use the mortgage calculators available on this website to calculate the size mortgage you will be able to afford - but it's also valuable to meet with one of our mortgage professionals. We can walk you through your pre-qualification letter. For another thing, we might be able to locate a different mortgage program that better fits your needs. Let us get you started: Call us at (317) 595-9600.

Have questions about pre-qualifying? Call us at (317) 595-9600. We answer pre-qualification questions every day.

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