Why it's Important to Pre-Qualify

In the market for a mortgage loan? We can help! Give us a call at 3175959600. Want to get started? Apply Here.

It is valuable to consult your mortgage loan professional early — even before you've started to research neighborhoods. What for? How can we help before you have made your offer, and don't yet know how much you want to borrow?


When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. This process outlines your finances - your debts, income, employment, and cash available for down payment, among other things. We will require a minimum amount of paperwork, with a quick process.

After you qualify, we present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which documents the fact that we are partnering with you to find the ideal loan program to meet your situation and that we're confident you'll qualify for a mortgage loan for a certain amount.

Power in the Pre-Qual

After you find the house that catches your eye, and you want to put together an offer, being pre-qualified for a mortgage loan will do several things. First, you have some concrete numbers in mind, as the total you will be able to borrow. More important to the current home owner, your being pre-qualified is like your having entered their house with a suitcase full of cash ready to make the deal! They will not need to wonder if that they are wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to worry about. You will have the clout of a buyer ready to make the deal on the spot!

We can help you pre-qualify

We can help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. We achieve this by considering your income and debts, your work and residence situations, your funds available for down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.

Face to Face

It is important for you to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculators on our site. That way, we will help you get your pre-qualification letter. Next, we can consider your mortgage loan options and be sure you are in the best one. Let us help you get started: Call us at 3175959600.

Have questions about pre-qualifying? Call us at 3175959600. We answer pre-qualification questions every day.

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Milestone Mortgage, Inc. NMLS#136714

7168 Graham Road Suite 175
Indianapolis, IN 46250-2683