The Importance of Pre-Qualifying

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

We Can Help You Pre-Qualify

We will help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. We can accomplish this by analyzing your debts and income, your employment and housing situations, the available funds for down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.

When you qualify, will present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are helping you to find the right mortgage to fit your needs and that we're confident you'll qualify for a loan up to a specific amount.

Power in the Pre-Qual

Armed with your pre-qualification letter, several advantages fall at your feet at the point you find the house you want to put together an offer on. First, it lets you know the amount that you're able to offer. Even more important to the seller, your pre-qualification letter gives them confidence - as if you had come to their house with a big box of cash to back up the offer! They will not have to be concerned that they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to lose sleep over. You have the influence of a buyer ready to make the purchase right now!

We will help you with your pre-qualification

We will help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. In the process, we explore your ability to borrow - looking at your employment, available money for down payment, existing debt, income, and other areas. It's quick and to the point; and we take pride in keeping the paperwork light.

Face to Face

While you are able to use our tools to calculate mortgage variables on this site, it's essential to meet with us. That way, we will help you get your pre-qualification letter. Next, we can consider your mortgage program choices and be sure you are in the right one. Let us help you get started: Call us at 9094671090.

Have questions about pre-qualifying? Call us at 9094671090. Greystone Loans, Inc. answers pre-qualifying questions every day.