Why Pre-Qualification is Important

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It's important to consult with your mortgage professional as soon as possible — even before you've started to research neighborhoods. What for? How can we help if you have not negotiated an amount, and don't yet know how much you need to borrow?

Pre-Qualify

We will help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. In the process, we look at your capacity to borrow - reviewing your employment, money available for down payment, existing debt, income, and other circumstances. We ask for a minimum amount of paperwork, with a quick process.

At the point you are considered eligible, we document our confidence in your ability to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Clout

Various advantages open to you when you have found your next house, and have achieved pre-qualification. The first is that you'll be sure what you can afford when putting together the offer. Even more important to the seller, your pre-qualification status gives them confidence - as if you'd entered their house with a bag of cash to make the offer! They will not need to wonder if they're wasting their time if you will not be able to qualify for a big enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. You have the ability to back your offer up.

We help with your pre-qualification

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

One on one

It is vital for you to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculators on this site. For one thing, you'll want a Pre-Qualification Letter! Then, we can make sure we have the best mortgage loan program for you. Contact us at 9043423622 to get started.

Have questions about pre-qualifying? Call us at 9043423622. Bright Vision Mortgage answers pre-qualifying questions every day.