Why Pre-Qualification is Important

Shopping for a mortgage? We'd be thrilled to answer your questions about our mortgage offerings! Call us at 248-644-1200. Want to get started? Apply Here.

Even if you have not so much as narrowed down houses to view yet, it's valuable to see your mortgage loan professional first. Why? Perhaps it's difficult to understand the ways we could help even before you start to talk about prices and negotiations.

Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. During the process, we look at your capacity to borrow - analyzing your employment, available money for down payment, debt, income, and other areas. It's quick and to the point; We take pride in keeping the paperwork light.

After you are considered eligible, we prove our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

Armed with your pre-qualification letter, some advantages are yours once you locate the house you want to make an offer on. First of all, you have some definite numbers in mind, as the total you will qualify for on your loan. Being pre-qualified also will make your offer look even better to the home seller, like you were bringing them a big box of cash! They won't need to worry that that they have been wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller won't worry if he can count on 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 can have the clout of a buyer ready to make the deal on the spot!

We will help you with your pre-qualification

We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. During this process, we look at your ability to borrow - reviewing your employment, available money for down payment, debt, income, and other circumstances. It's quick and basic; and we take pride in keeping the paperwork light.

One on one

You can always use the mortgage calculators available on our site to get an idea of how much mortgage you can afford - but it's also important to meet with us. That way, we'll be able to help you get your pre-qualification letter. Next, we can study your mortgage choices and be sure you have selected the best one. Contact us at 248-644-1200 to get started.

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.