Once you qualify, I will give you what's called a Pre-Qualification Letter which states that I, as your mortgage professional, am working with you, and that I've reviewed your finances and that you qualify for a loan for a certain amount. The whole process is quick and to the point, I will keep the paperwork to a minimum, and generally I can provide most clients with a “PQ letter” within only 15 minutes.

Then, when you find a home that catches your eye, and you decide to make an offer, being pre-qualified for your mortgage will do a couple of things. First, it lets you know how much you can offer. Second, your real estate agent can submit your PQ letter with your offer so that the seller knows that a lender has reviewed your situation and that you can afford the home.

It is important to understand that a PQ letter is just an estimate of what you are eligible to borrow, not a commitment to lend. Getting pre-approved for a loan in today's market gives you an even greater competitive advantage when the time comes to bid on a home because you have been “approved” for a loan for a specified amount.

You can always use the calculators available on our site to get an idea of how much mortgage you can afford -- but it's important to discuss your options with us. For one thing, you'll need a PQ letter! For another thing, we have an extensive network of lenders and loan programs and specialize in finding the best mortgage to fit your particular needs. To begin the process simply give us a call for a brief consultation.