The Importance of Pre-Qualification

In the market for a mortgage? We'll be glad to talk about your mortgage needs! Call us at 561-395-4264. Ready to begin? Apply Here.

Even if you have not so much as narrowed down homes to view yet, it is advantageous to contact your mortgage loan professional first. Why? It might be hard to understand the way we can help even before you start to talk about prices and negotiations.

Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. In the process, we determine your borrowing power - analyzing your earning status, available money for down payment, existing debt, income, and other areas. It is a short, thorough process with minimal risks for papercuts.

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

Power in the Pre-Qual

After you locate a house that is right for you, and you decide to put together an offer, being pre-qualified for a mortgage loan will do several things. The first is that you'll know the amount you will be able to afford when putting together the offer. Having pre-qualification can also make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They need not be concerned they are wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to worry about. You have the capability to back your offer up.

We will help you pre-qualify

We will help you see how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. We achieve this by considering your debts and income, your work and residence circumstances, your funds available for a down payment, required reserves, and some other things. It's quick and to the point; and we take pride in keeping the paperwork light.

Face to Face

While you are encouraged to try our mortgage calculators on our site, it's a good idea to meet with one of our mortgage professional team members. We can work toward your pre-qualification letter. Then, we can make sure we have chosen the right mortgage program for your situation. Let us get you started: Contact us at 561-395-4264.

Have questions about pre-qualifying? Call us at 561-395-4264. We answer pre-qualification questions every day.

Help me get Pre-Approved

We're here to help you with funding, the home of your dreams. Please fill out the short form below for a no-obligation consult.

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Alternative Mortgage Group

80 SW 14 Ave
Boca Raton, FL 33486