Why Pre-Qualification is Important

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It is valuable to visit with a mortgage professional first, even if you haven't settled on the sort of home to look for. Why? When you do not know yet how much home you need to qualify for, what can we do for you?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you find out the amount in mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. We can do this by considering your debts and income, your employment and residence circumstances, the available funds for down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, with a short,basic process.

Once you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are partnering with you to find the best loan to fit your needs and that we are confident you will qualify for a mortgage up to a certain amount.

Pre-Qualification Power

With your pre-qualification letter, some advantages fall at your feet at the point you locate the house you want to make an offer on. First, it helps you know how much you're able to offer. Even more important to the seller of the home, your pre-qualification gives them confidence - as if you'd come to their house with a bag of cash to make the offer! They will not need to be concerned they're wasting their time if you do not be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to worry about. 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 can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We can accomplish this by reviewing your income and debts, your work and residence circumstances, your funds available for down payment, required reserves, and some other things. We require a minimum amount of paperwork, with a quick process.

Face to Face

While you are encouraged to use our tools to calculate mortgage variables on our site, it's essential to meet with us. For one thing, you'll need a Pre-Qualification Letter! For another thing, we could be able to locate a different mortgage choice that fits your goals better. Let us get you started: Call 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.