Why Pre-Qualification is Important

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It's important to visit with a mortgage loan pro first, even if you haven't decided what type of house you hope to find. What for? If you do not yet know how much house you need to qualify for, how could we help?

We Will Help You Pre-Qualify

We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. We achieve this by reviewing your income and debts, your work and residence circumstances, the available funds for a down payment, required reserves, and other considerations. It's quick and basic; We keep the paperwork light.

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

Pre-Qual Power

Various beneifits open to you when you have found your next house, and have achieved pre-qualification. First, it lets you know how much you can offer. Of greater importance to the existing home owner, your being pre-qualified is like your having entered their house with a bag full of cash to purchase the home! They won't need to worry that that they're wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to be concerned about. They have a virtual guarantee to trust your ability to back up your offer.

We can help you pre-qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can afford, and the size of loan you can qualify for. During this process, we look at your borrowing capacity - looking at your earning status, available money for down payment, debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

You can always use the mortgage calculators on our site to get an idea of how much mortgage you can afford - but it's also valuable to meet with us. That way, we'll help you get your pre-qualification letter. Then, we'll make sure we have the ideal mortgage loan program for you. We are waiting to hear from you: contact us at 9162758775.

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