Why Pre-Qualify?

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It's helpful to visit with a mortgage professional early, even if you haven't settled on the kind of home you hope to find. Why? If you do not yet know how much house you need to qualify for, what can we help you with?

Pre-Qualify

We will help you see how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by taking you through pre-qualifying. During the process, we calculate your borrowing potential - looking at your earning status, available money for down payment, existing debt, income, and other areas. It's quick and basic; We keep the paperwork to a minimum.

At the point you are determined to be eligible, we prove our confidence in your ability to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

With your pre-qualification letter, some advantages are yours at the point you find the home you want to put together an offer on. First, you have some general numbers in mind, as the amount you will qualify for on your mortgage loan. Your pre-qualification also will make your offer more attractive to the seller, like you were bringing them a suitcase full of cash! They won't have to wonder if they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't wonder 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 be concerned about. You have the ability to back your offer up.

We will help you pre-qualify

When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can fit in your budget, and the loan amount you will qualify for. This process walks you through your financial situation - your debts, income, career, down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.

One-on-One

It is vital for you to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculator tools on our website. For one thing, you'll need a Pre-Qualification Letter! Then, we can make sure we have the best mortgage loan program for your situation. Contact us at 573-302-9990 to get started.

Have questions about pre-qualifying? Call us at 573-302-9990. MHQ Financial Services answers pre-qualifying questions every day.