Why it's Important to Pre-Qualify

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It can be important to visit with a mortgage professional first, even before you've determined what sort of home you hope to find. Why? If you don't know yet how much house you want to qualify for, what could we help you with?

We Will Help You Pre-Qualify

We will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We can do this by considering your debts and income, your employment and residence situations, your funds available for down payment, required reserves, and other considerations. We require a minimum amount of paperwork, and avoid a lengthy process.

When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are helping you to find the ideal mortgage loan program to meet your needs and that we are confident you'll qualify for a mortgage loan up to a certain amount.

Power in the Pre-Qual

After you locate a house that is right for you, and you want to put together an offer, being pre-qualified for a loan will do several things. First, it lets you know how much you are able to offer. Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a bag full of money to purchase the house! They need not worry that that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.

We will help you with your pre-qualification

Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. 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

It's important for you to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculators on our website. That way, we will help you get your pre-qualification letter. For another thing, we could locate a different mortgage option that fits your goals better. Contact us at 504-866-5626 to get your pre-qualification process started.

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.
How can we get in touch with you?
Tell us about your credit history.