The Importance of Pre-Qualification

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It is important to bring in your mortgage loan professional early — even before you've started to consider neighborhoods. What for? Perhaps it's difficult to fathom the ways we could help even before you start to negotiate.

We Will Help You Pre-Qualify

When we pre-qualify you, we help you decide the amount in mortgage payments you can afford, and the loan amount you will qualify for. The process takes you through your financial situation - your debt, income, job, and cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short,basic process.

After you are determined to be eligible, we document our confidence in your capacity to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Various advantages open to you when you find your dream house, and have achieved pre-qualification. First, it helps you know the amount that you're able to offer. Of greater importance to the seller, your pre-qualification is like your having walked into their house with a suitcase full of cash ready to purchase the house! They won't need to worry that that they are wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You have the capability to back up your offer.

We help with your pre-qualification

Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. In the process, we determine your capacity to borrow - looking at your job, money available for down payment, existing debt, income, and other circumstances. It's quick and to the point; and we take pride in keeping the paperwork light.

One-on-One

It's important for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculator tools on our website. We can walk you through your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for your situation. We're eager to hear from you: call 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

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