When to Speak to a Mortgage Pro About Pre-Qualification

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It's important to bring in your mortgage professional early — even before you have started researching neighborhoods. Why? If you do not know yet how much house you need to qualify for, how can we help?


We will help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. During the process, we determine your borrowing power - analyzing your earning status, available money for down payment, existing debt, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.

After you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are partnering with you to find the right mortgage to fit your situation and that we're confident you'll qualify for a loan for up to a certain amount.

Buying Clout

Armed with your pre-qualification letter, some advantages fall at your feet once you locate the house you want to put together an offer for. First, you have some definite numbers in mind, as the amount you will be able to borrow. Even more important to the seller, your pre-qualification letter gives them confidence - as if you had entered their home with a bag of cash to make the offer! They will not need to be concerned that they are wasting their time if you don't be able to qualify for a high enough mortgage loan. The seller of the home 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 will not cause them concern. You will have the clout of a buyer ready to make the purchase on the spot!

We can help you pre-qualify

We can help you determine 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 calculate your borrowing power - analyzing your job, available money for down payment, debts, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork light.

One on one

It's important to sit down and meet with us, even though you are free to also try the helpful mortgage calculators on this website. For one thing, you will need a Pre-Qualification Letter! Then, we can make sure we have selected the right mortgage loan program for your situation. Let us get you started: Contact us at 3175959600.

Have questions about pre-qualifying? Call us at 3175959600. Milestone Mortgage, Inc. NMLS#136714 answers pre-qualifying questions every day.

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Milestone Mortgage, Inc. NMLS#136714

7168 Graham Road Suite 175
Indianapolis, IN 46250-2683