Why it's Important to Pre-Qualify

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Even if you have not picked out houses to view yet, it is valuable to visit with your mortgage pro first. What for? When you don't know yet how much house you need to qualify for, how could we help?

Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can afford, and how much we of a loan you will qualify for. We achieve this by reviewing your debts and income, your work and housing circumstances, your funds available for a down payment, required reserves, and other financial considerations. We will ask for a minimum amount of paperwork, with a short,basic process.

At the point you are considered eligible, we will prove our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").

Buying Power

After you find the house that is right for you, and you want to put together an offer, being pre-qualified for a loan will do several things. The first is that you can be sure what you can afford when putting together the offer. More important to the existing home owner, your being pre-qualified is like your having entered their house with a suitcase full of money to purchase the house! They won't have to wonder if that they have been wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your ability to back up your offer.

We will help you with your pre-qualification

Our mortgage professionals will help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. We accomplish this by reviewing your income and debts, your work and residence situations, your available funds for a down payment, required reserves, and other financial considerations. We will ask for a minimum amount of paperwork, with a short, basic process.

One-on-One

While you are encouraged to try our mortgage calculators on this site, it will be essential to meet with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! Next, we can consider your mortgage loan options and make sure you are in the right one. Contact us at to get started.

Have questions about pre-qualifying? Call us at . Wize Mortgage LLC answers pre-qualifying questions every day.