Why it's Important to Pre-Qualify

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Even if you've not narrowed down homes to view yet, it's advantageous to see your mortgage pro first. Why? How can we help you if you have not negotiated a price, and do not know yet how much you need to borrow?

Pre-Qualify

We will help you see how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. In this process, we determine your ability to borrow - looking at your job, money available for down payment, debt, income, and other areas. It's short and to the point; We take pride in keeping the paperwork light.

After you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), that states that we are helping you to find the best loan to fit your financial needs and that we are confident you'll qualify for a mortgage loan up to a specific amount.

Buying Clout

Once you find a house that meets your needs, and you decide to put together an offer, being pre-qualified for a mortgage will do a number of things. First of all, you have some definite numbers in mind, as the amount you will be able to borrow. Being pre-qualified also will make your offer more attractive to the home seller, like you were bringing them a big box of cash! They will not need to worry that they have been wasting their time if you can't be able to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't cause them concern. You have the ability to back up your offer.

We help with your pre-qualification

When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can afford, and the size of loan you will qualify for. In the process, we look at your borrowing capacity - looking at your earning status, available money for down payment, existing debt, income, and other areas. It's short and to the point; and we keep the paperwork light.

One-on-One

You can always use the calculators available on this website to calculate the size mortgage you will be able to afford - but it's also important to talk with us. That way, we'll be able to help you get your pre-qualification letter. Then, we can make sure we have selected the best mortgage program for you. Let us help you get started: Call us at 770.476.5549.

Have questions about pre-qualifying? Call us at 770.476.5549. Waterside Mortgage answers pre-qualifying questions every day.