Why Pre-Qualify?

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It can be important to see a mortgage loan pro first, even if you haven't decided what type of home to search for. What for? When you don't know yet how much home you want to qualify for, how could we help?

We Can Help You Pre-Qualify

We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. The process outlines your current financial situation - your debt, income, employment, and cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.

Once you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are helping you to find the ideal mortgage loan program to fit your needs and that we're confident you will qualify for a mortgage loan up to a certain amount.

Power in the Pre-Qual

Once you find a house that meets your needs, and you want to make an offer, being pre-qualified for a loan will do a couple of things. First, you have some concrete numbers in mind, as the amount you will be able to borrow. Even more important to the seller, your pre-qualification status gives them confidence - as if you had come to their house with a bag of cash to make the offer! They will not need to be concerned that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. You'll have the sway of a buyer ready to make the purchase right now!

We can help you pre-qualify

We will help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. In the process, we calculate your borrowing power - analyzing your earning status, available money for down payment, debt, income, and other areas. We will ask for a minimum amount of paperwork, and avoid a lengthy process.


You can certainly use the calculators here on this site to calculate how much mortgage you can afford - but it's also important to talk with us. We can begin working on your pre-qualification letter. Next, we can study your mortgage program options and be sure you are in the best one. Let us help you get started: Call us at (408) 255-3978.

Have questions about pre-qualifying? Call us at (408) 255-3978. Real Estate Loan 4 U answers pre-qualifying questions every day.