When to Speak to a Mortgage Professional About Pre-Qualifying

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It's valuable to consult your mortgage professional early — even before you have begun researching neighborhoods. Why? Perhaps it's hard to understand the ways in which we could help even before you start to negotiate.

We Will Help You Pre-Qualify

When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. During this process, we determine your capacity to borrow - looking at your earning status, available money for down payment, debts, income, and other areas. It's quick and basic; We take pride in keeping the paperwork to a minimum.

Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that says that we are helping you to find the right mortgage to fit your situation and that we are confident you'll qualify for a loan up to a specific amount.

Buying Power

Armed with your pre-qualification letter, some advantages are yours at the point you locate the home you want to make an offer for. First, you have some definite numbers in mind, as the amount you will qualify for on your loan. Even more important to the seller of the home, your pre-qualification letter gives them certainty - as if you'd entered their home with a suitcase of cash to make the offer! They won't need to be concerned that they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not be something for them to lose sleep over. They have a virtual guarantee that they can trust your buying power.

We will help you with your pre-qualification

Our mortgage professionals can help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. During this process, we calculate your ability to borrow - analyzing your earning status, available money for down payment, existing debt, income, and other circumstances. We as for a minimum amount of paperwork, and avoid a lengthy process.

One on one

While you are able to benefit from our mortgage calculators on this website, it will be essential to sit down and talk with us. That way, we'll help you get your pre-qualification letter. Then, we'll make sure we have found the right mortgage loan program for your situation. Contact us at 9162758775 to get started.

Have questions about pre-qualifying? Call us at 9162758775. Marshall Lending answers pre-qualifying questions every day.