The Importance of Pre-Qualifying

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It is valuable to bring in your mortgage professional as soon as possible — even before you've started to research neighborhoods. What for? Perhaps it's difficult to understand the ways in which we could help even before you start to calculate your offer.

Pre-Qualify

We will help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. During the process, we calculate your capacity to borrow - analyzing your earning status, available money for down payment, debt, income, and other circumstances. It's short and to the point; We take pride in keeping the paperwork light.

We give you a Pre-Qualification Letter after you qualify, which documents that we're confident you'll qualify for up to a predetermined amount of mortgage loan dollars.

Power in the Pre-Qual

After you locate a house that is ideal for you, and you want to put together an offer, being pre-qualified for a mortgage will do a couple of things. The first is that you can be sure the amount you will be able to afford when putting together your offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you had come into their house with a suitcase of cash to make the offer! They won't need to be concerned they are wasting their time if you won't be able to have the ability to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee to trust your ability to back up your offer.

We can help you pre-qualify

We can help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We will accomplish this by analyzing your debts and income, your work and housing circumstances, your funds available for down payment, required reserves, and some other things. It's short and to the point; and we take pride in keeping the paperwork to a minimum.

Face to Face

It's important to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculator tools on this website. We can walk you through your pre-qualification letter. For another thing, we may locate a different mortgage program that fits your situation better. Contact us at 866-300-1550 to get started.

Have questions about pre-qualifying? Call us at 866-300-1550. Metro Mortgage answers pre-qualifying questions every day.