Why Pre-Qualification is Important

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It can be important to see a mortgage loan pro first, even before you have determined what sort of home you hope to find. What for? When you don't know yet how much house you want to qualify for, what can we help you with?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you figure out the amount in monthly mortgage payments you can fit in your budget, and the loan amount you will qualify for. The process outlines your finances - your debt, income, job, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.

We give you a Pre-Qualification Letter after you qualify, which states that we're confident you'll qualify for a certain amount of mortgage dollars.

Power in the Pre-Qual

Some benefits open to you when you've found your next house, and have pre-qualification power. First, it helps you know how much you're able to offer. Even more important to the seller of the house, your pre-qualification status gives them confidence - as if you had entered their home with a big box of cash to back up the offer! They will not have to worry that that they are wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust 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 be concerned about. They have a virtual guarantee that they can trust your buying power.

We will help you pre-qualify

We can help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. During this process, we calculate your borrowing potential - reviewing your earning status, money available for down payment, existing debt, income, and other areas. It's short and basic; and we take pride in keeping the paperwork to a minimum.

One-on-One

It's important for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculator tools on this site. For one thing, you'll need a Pre-Qualification Letter! For another thing, we might locate a different mortgage program that is a better fit for you. We're eager to meet with you: call us at 800.465.1404.1002.

Have questions about pre-qualifying? Call us at 800.465.1404.1002. Western Reliance Funding Group, Inc. answers pre-qualifying questions every day.