The Importance of Pre-Qualification

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It's valuable to consult with your mortgage loan professional as soon as possible — even before you have started narrowing down neighborhoods. Why? When you don't yet know how much house you need to qualify for, what could we help you with?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you find out the amount in mortgage payments you can afford, and how much we of a loan you will qualify for. In the process, we explore your capacity to borrow - looking at your job, money available for down payment, debts, income, and other circumstances. It's a quick, thorough process with minimal risks for papercuts.

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 will qualify for a mortgage loan up to a specific amount.

Pre-Qual Power

Armed with your pre-qualification letter, some advantages fall at your feet once you find the home you want to put together an offer for. First, it helps you know the amount that you are able to offer. Of greater importance to the current home owner, your being pre-qualified is like your having entered their house with a bag full of cash to purchase their home! They won't need to be concerned that they're wasting their time if you do not have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to worry about. You have the influence of a buyer ready to make the deal right now!

We will help you pre-qualify

We will help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. The process outlines your finances - your debt, income, employment, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.

One on one

You can always use the calculators available on this website to calculate how much mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. That way, we will help you get your pre-qualification letter. Next, we can consider your loan options and be sure you are in the right one. Contact us at 435-755-6622 to get started.

Have questions about pre-qualifying? Call us at 435-755-6622. Chase Mortgage answers pre-qualifying questions every day.