Why it's Important to Pre-Qualify

Are you looking for a new mortgage loan? We can help! Give us a call at 504-866-5626. Ready to get started? Apply Now.

It is important to consult with your mortgage loan professional as soon as possible — even before you have started to research neighborhoods. What for? It may be hard to understand how we can help even before you start to talk about prices and negotiations.


Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. In this process, we explore your borrowing power - analyzing your employment, money available for down payment, existing debt, income, and other areas. It's quick and to the point; We keep the paperwork to a minimum.

After you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which states that we are partnering with you to find the ideal mortgage to fit your situation and that we are confident you will qualify for a mortgage loan for up to a specific amount.

Pre-Qual Power

Several advantages open to you after you've found your next house, and have pre-qualification. First, it lets you know how much you are able to offer. Being pre-qualified can also make your offer more attractive to the seller, as if you were bringing them a suitcase of cash! They will not need to wonder if that they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.

We help with your pre-qualification

When we pre-qualify you, we help you decide the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you can qualify for. In the process, we calculate your capacity to borrow - reviewing your employment, money available for down payment, debt, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.


It's vital to sit down and meet with us, even though you are free to also utilize the helpful mortgage calculators on this site. We can work toward your pre-qualification letter. Next, we can review your mortgage options to make sure you are in the best one. Contact us at 504-866-5626 to get 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.