Why it's Important to Pre-Qualify

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It's valuable to consult with your mortgage loan professional early — even before you've started to research neighborhoods. What for? It may be hard to fathom the ways in which we could help even before you start to calculate your offer.

Pre-Qualify

We will help determine how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. We will achieve this by considering your income and debts, your employment and residence circumstances, your available funds for a down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.

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

Pre-Qual Power

Several advantages open to you after you have found your new house, and have achieved pre-qualification. The first is that you can know what you'll be able to afford when calculating the offer. Even more important to the seller of the home, your pre-qualification gives them certainty - as if you had entered their house with a suitcase of cash to make the offer! They will not need to wonder if they're 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 the necessary mortgage loan amount will not be something for them to be concerned about. They have a virtual guarantee that they can trust your ability to back up your offer.

We will help you pre-qualify

We can help you calculate how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. We accomplish this by reviewing your income and debts, your employment and housing circumstances, your funds available for down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

One-on-One

While you are encouraged to use our tools to calculate mortgage variables on this site, it's essential to meet with us. We can work toward your pre-qualification letter. Next, we can review your mortgage loan options and make sure you are in the right one. We're eager to meet with you: contact us at 405-513-7700.

Have questions about pre-qualifying? Call us at 405-513-7700. Price Mortgage Group LLC answers pre-qualifying questions every day.

Basic Pre-Approval

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