Why Pre-Qualification is Important

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It's important to visit with a mortgage professional first, even before you have determined the kind of home to search for. Why? How can we help if you haven't negotiated a purchase amount, and do not know yet the amount you want to borrow?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. During this process, we look at your borrowing power - 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.

When you qualify, we present to you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that states that we are working with you to find the right loan to meet your needs and that we're confident you'll qualify for a loan for a certain amount.

Buying Clout

Several beneifits open to you once you've found your next house, and have pre-qualification power. The first is that you'll know the amount you'll be able to afford when putting together the offer. Even more important to the current owner, your pre-qualification gives them confidence - as if you'd come to their house with a big box of cash to back up the offer! They will not need to be concerned that they have been wasting their time if you do not be able to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount will not cause them concern. You have the ability to back up your offer.

We will help you with your pre-qualification

Our mortgage professionals can help you calculate how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We accomplish this by analyzing your debts and income, your work and housing situations, the available funds for down payment, required reserves, and other financial considerations. It is a short, thorough process with minimal risks for papercuts.

One on one

While you can benefit from our mortgage calculators on this website, it will be a good idea to meet with one of our mortgage professional team members. That way, we will be able to help you get your pre-qualification letter. For another thing, we may locate a different mortgage program that is a better fit for you. We are waiting to hear from you: contact us at 407-834-3377.

Have questions about pre-qualifying? Call us at 407-834-3377. Contemporary Mortgage Services, Inc answers pre-qualifying questions every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.