Why it's Important to Pre-Qualify

Even if you've not narrowed down homes to view yet, it can be advantageous to visit with your mortgage professional early. Why? What can we do for you if you have not negotiated a purchase amount, and don't know yet how much you need to borrow?


We can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process takes you through your finances - your debts, income, job, and down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.

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

Pre-Qualification Power

When you locate a house that meets your needs, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a number of things. First, you have some concrete numbers in mind, as the total you will be able to borrow. More important to the existing home owner, your pre-qualification is like your having walked into their front door with a suitcase full of money ready to make the deal! They won't need to wonder if they're wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to lose sleep over. You have the ability to back your offer up.

We will help you with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you will qualify for. We can achieve this by reviewing your debts and income, your employment and housing situations, the available funds for down payment, required reserves, and other financial considerations. We as for a minimum amount of paperwork, and avoid a lengthy process.


It's vital to sit down and talk with us, even though you are free to also utilize the helpful mortgage calculators on this website. We can work toward your pre-qualification letter. Then, we'll make sure we have the right mortgage program for you. Let us help you get started: Contact us at 781-273-3912.

Have questions about pre-qualifying? Call us at 781-273-3912. We answer pre-qualification questions every day.