The Importance of Pre-Qualifying

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Even if you haven't so much as picked out houses to view yet, it's valuable to contact your mortgage professional first. What for? If you don't yet know how much home you want to qualify for, what can we help you with?

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. We do this by considering your income and debts, your work and housing situations, your funds available for a down payment, required reserves, and other financial considerations. It's short and basic; We take pride in keeping the paperwork to a minimum.

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

Pre-Qualification Power

Various beneifits open to you after you've found your dream house, and have achieved pre-qualification. First, you have some concrete numbers in mind, as the total you will be able to borrow. More important to the current home owner, your pre-qualification is like your having entered their house with a suitcase full of money to make the deal! They need not worry that that they're wasting their time if you do not be able to qualify for a high enough mortgage. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to worry about. You have the capability to back your offer up.

We will help you pre-qualify

We can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. The process outlines your finances - your debts, income, career, cash available for down payment, among other things. We will require a minimum amount of paperwork, with a short, basic process.

One on one

You can always use the calculators available on this website to get an idea of how much mortgage you will be able to afford - but it's also important to meet with one of our mortgage professionals. We can walk you through your pre-qualification letter. Then, we'll make sure we have found the ideal mortgage program for your situation. We're eager to meet with you: call us at 702-524-1376.

Have questions about pre-qualifying? Call us at 702-524-1376. North American Financial answers pre-qualifying questions every day.