Why Pre-Qualification is Important

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It's important to consult with your mortgage loan professional as soon as possible — even before you've started researching neighborhoods. Why? If you don't know yet how much home you need to qualify for, what could we help you with?


When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the size of loan you can qualify for. We can accomplish this by considering your income and debts, your work and housing circumstances, your funds available for down payment, required reserves, and some other things. It's short and basic; We take pride in keeping the paperwork light.

After you qualify, we give 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 mortgage loan program to fit your situation and that we're confident you will qualify for a loan for a specific amount.

Power in the Pre-Qual

Holding your pre-qualification letter, several advantages fall at your feet once you find the house you want to put together an offer for. First of all, you have some definite numbers in mind, as the total you will qualify for on your loan. Your pre-qualification can also make your offer more attractive to the seller, like you were bringing them a suitcase full of cash! They will not have to worry that that they have been wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. They have a virtual guarantee that they can trust your buying power.

We can help you pre-qualify

When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can afford, and the loan amount you can qualify for. In this process, we explore your capacity to borrow - reviewing your employment, available money for down payment, existing debt, income, and other areas. We require a minimum amount of paperwork, and avoid a lengthy process.

One on one

It is important to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage calculators on this site. We can work toward your pre-qualification letter. Then, we can make sure we have found the right mortgage loan program for you. We're eager to meet with you: call us at 504-866-5626.

Have questions about pre-qualifying? Call us at 504-866-5626. We answer pre-qualification questions every day.

Basic Pre-Approval

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