Why Pre-Qualification is Important

It is valuable to visit with a mortgage professional early, even before you've decided the kind of home you hope to find. Why? How can we help if you haven't made your offer, and don't know yet how much you need to borrow?

Pre-Qualify

We will help you calculate how much of a mortgage you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. This process outlines your finances - your debt, income, career, and down payment money, among other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

We give you a Pre-Qualification Letter when you qualify, that says that we're confident you can qualify for up to a specific amount of mortgage dollars.

Power in the Pre-Qual

With your pre-qualification letter, several advantages are yours once you locate the house you want to put together an offer on. The first is that you can be sure the amount you'll be able to afford when calculating your offer. Of greater importance to the seller, your pre-qualification is like your having entered their house with a bag full of money ready to make the deal! They won't need to worry that they're wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.

We can help you pre-qualify

Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. During this process, we explore your ability to borrow - looking at your earning status, available money for down payment, debt, income, and other areas. It's short and to the point; and we keep the paperwork light.

Face to Face

You can always use the mortgage calculators available on our website to calculate how much mortgage you'll be able to afford - but it's also essential to meet with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! Then, we can make sure we have chosen the ideal mortgage loan program for you. Contact us at (317)594-9800 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at (317)594-9800. CrownMark Mortgage Inc answers pre-qualifying questions every day.