Why it's Important to Pre-Qualify

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It's important to bring in your mortgage professional as soon as possible — even before you have started to consider neighborhoods. What for? How can we help before you have negotiated a purchase amount, and do not know yet how much you want to borrow?

Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly mortgage payments you can afford, and the size of loan you will qualify for. During the process, we look at your capacity to borrow - analyzing your earning status, money available for down payment, debt, income, and other areas. We ask for a minimum amount of paperwork, and avoid a lengthy process.

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

Buying Clout

Several advantages open to you when you've found your new house, and have achieved pre-qualification. First, it helps you know how much you can offer. More important to the existing home owner, your being pre-qualified is like your having entered their front door with a bag full of money to purchase the house! They will not have to worry that they have been wasting their time if you don'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 loan.Your qualifying for your needed loan amount won't be something for them to fret over. You have the capability to back up your offer.

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 loan amount you will qualify for. During this process, we explore your ability to borrow - looking at your employment, available money for down payment, debts, income, and other circumstances. It's quick and to the point; and we take pride in keeping the paperwork light.

Face to Face

While you can benefit from our mortgage calculators on this website, it's essential to meet with us. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage loan option that better fits your needs. Contact us at (434) 975-5626 to get started.

Have questions about pre-qualifying? Call us at (434) 975-5626. Crown Mortgage answers pre-qualifying questions every day.

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