Why it's Important to Pre-Qualify

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It's important to visit with a mortgage professional first, even before you've decided what sort of house you hope to find. Why? If you don't yet know how much home you need to qualify for, how can we help?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the size of loan you can qualify for. We will do this by reviewing your debts and income, your employment and residence situations, the available funds for down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.

When you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which says that we are partnering with you to find the ideal mortgage loan to meet your situation and that we are confident you'll qualify for a mortgage up to a specific amount.

Power in the Pre-Qual

Some advantages open to you when you've found your dream house, and have pre-qualification power. The first is that you'll be sure what you'll be able to afford when putting together your offer. Of greater importance to the home seller, your pre-qualification is like your having entered their house with a bag full of money ready to purchase the home! They won't have to wonder if they're wasting their time if you can't be able to qualify for a high enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not be something for them to worry about. You have the capability to back your offer up.

We will help you pre-qualify

Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. In this process, we determine your capacity to borrow - looking at your job, money available for down payment, existing debt, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.

Face to Face

It is important for you to sit down and meet with us, even though you are free to also utilize the helpful mortgage calculators on our site. We can work toward your pre-qualification letter. Then, we can make sure we have chosen the right mortgage program for you. We're waiting to hear from you: contact us at 248-644-1200.

Have questions about pre-qualifying? Call us at 248-644-1200. Prime Capital Mortgage Corp 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.