Why Pre-Qualification is Important

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It is important to see a mortgage loan pro early, even before you've decided what sort of house you hope to find. What for? How can we help before you have made an offer, and don't yet know the amount you want to borrow?

Pre-Qualify

We will help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. In this process, we look at your ability to borrow - looking at your job, money available for down payment, debts, income, and other areas. We ask for a minimum amount of paperwork, with a quick process.

When you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact that we are helping you to find the right loan to meet your needs and that we are confident you will qualify for a loan for up to a specific amount.

Buying Power

Armed with your pre-qualification letter, several advantages fall at your feet at the point you find the house you want to make an offer on. The first is that you can be sure the amount you can afford when calculating the offer. More important to the home seller, your pre-qualification is like your having walked into their front door with a bag full of cash to make the deal! They won't have to wonder if that they are wasting their time if you don't be able to qualify for a high 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 cause them concern. You will have the sway of a buyer ready to make the purchase on the spot!

We will help you with your pre-qualification

We can help you calculate how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. During the process, we look at your borrowing capacity - analyzing your employment, money available for down payment, existing debt, income, and other circumstances. It's short and to the point; and we take pride in keeping the paperwork light.

Face to Face

You can certainly use the mortgage calculators on this website to calculate the size mortgage you will be able to afford - but it's also important to meet with us. For one thing, you'll need a Pre-Qualification Letter! Then, we'll make sure we have the right mortgage program for your situation. Let us help you get started: Contact us at 504-866-5626.

Have questions about pre-qualifying? Call us at 504-866-5626. Coastal Mortgage Corp. answers pre-qualifying questions every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
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Tell us about your credit history.