Why Pre-Qualification is Important

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It's helpful to visit with a mortgage professional early, even before you have decided the sort of house you hope to find. Why? What can we do for you if you have not negotiated an amount, and don't yet know how much you want to borrow?


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. This process outlines your financial situation - your debts, income, employment, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a quick process.

When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that states that we are working with you to find the ideal loan to meet your situation and that we are confident you will qualify for a mortgage loan for a specific amount.

Buying Power

Once you find the house that meets your needs, and you want to put together an offer, being pre-qualified for a mortgage will do several things. First, it lets you know how much you can offer. Even more important to the current owner, your pre-qualification status gives them certainty - as if you'd entered their home with a bag of cash to back up the offer! They will not have to worry that that they have been wasting their time if you do not be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed loan amount won't be something for them to be concerned about. You have the ability to back your offer up.

We help with your pre-qualification

When we pre-qualify you, we help you find out the amount you can afford in monthly payments you can afford, and the size of loan you can qualify for. We achieve this by considering your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.


While you are able to benefit from our mortgage calculators on this website, it will be a good idea to meet with us. We can begin working on your pre-qualification letter. Then, we can make sure we have the right mortgage program for your situation. We're waiting to meet with you: call us at (773) 205-2323.

Have questions about pre-qualifying? Call us at (773) 205-2323. It's our job to answer pre-qualification questions, so we're happy to help!

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