Why Pre-Qualification is Important

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It's helpful to visit with a mortgage professional first, even if you haven't settled on what sort of home to search for. What for? What can we do for you if you haven't negotiated a price, and do not yet know how much you need to borrow?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the size of loan you will qualify for. In the process, we calculate your ability to borrow - looking at your earning status, money available for down payment, existing debt, income, and other areas. It's quick and basic; We keep the paperwork light.

We will give you a Pre-Qualification Letter once you qualify, that says that we're confident you'll qualify for up to a specific amount of mortgage loan dollars.

Power in the Pre-Qual

Holding your pre-qualification letter, some advantages are yours once you locate the house you want to make an offer for. First, you have some concrete numbers in mind, as the total you will qualify for with your mortgage loan. Of greater importance to the existing home owner, your pre-qualification is like your having entered their house with a suitcase full of cash ready to purchase the home! They won't need to be concerned that they're wasting their time if you don't have the ability to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. You have the capability to back up your offer.

We can help you pre-qualify

When we pre-qualify you, we help you determine the amount you can afford in mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. We do this by considering your debts and income, your employment and housing situations, the available funds for down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.

One on one

It's important for you to sit down and meet with us, even though you are free to also try the helpful mortgage calculator tools on our website. For one thing, you'll need a Pre-Qualification Letter! Then, we can make sure we have found the best mortgage program for you. Let us get you started: Call us at (407) 898-7559.

Have questions about pre-qualifying? Call us at (407) 898-7559. America's Money Source answers pre-qualifying questions every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.