Why Pre-Qualification is Important

It's valuable to bring in your mortgage professional early — even before you have started to research neighborhoods. Why? If you don't yet know how much home you need to qualify for, how can we help?

Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. During this process, we look at your borrowing potential - analyzing your earning status, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.

We award you a Pre-Qualification Letter if you qualify, which says that we're confident you'll qualify for up to a certain amount of mortgage dollars.

Pre-Qual Power

Several advantages open to you once you have found your next house, and have pre-qualification power. First, it helps you know the amount that you're able to offer. Even more important to the seller, your pre-qualification status gives them certainty - as if you had entered their home with a suitcase of cash to back up the offer! They won't have to be concerned they are wasting their time if you can't be able to qualify for a high enough mortgage. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to fret over. You'll have the clout of a buyer ready to make the purchase on the spot!

We can help you pre-qualify

When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can afford, and how much we of a loan you will qualify for. We will accomplish this by considering your income and debts, your employment and residence circumstances, the funds available for a down payment, required reserves, and other considerations. It's quick and basic; and we keep the paperwork light.

One on one

You can always use the mortgage calculators available on our website to get an idea of how much mortgage you will be able to afford - but it's also valuable to meet with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! For another thing, we may be able to find a different mortgage choice that is a better fit for you. Let us help you get started: Call us at 812-989-9358.

Have questions about pre-qualifying? Call us at 812-989-9358. Strategic Mortgage, LLC answers pre-qualifying questions every day.