Why Pre-Qualify?

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It can be helpful to see a mortgage loan pro early, even before you've determined the kind of home you hope to find. What for? When you do not yet know how much home you need to qualify for, how could we help?

We Can Help You Pre-Qualify

When we pre-qualify you, we help you find out the amount in monthly payments you can afford, and the loan amount you can qualify for. During the process, we look at your borrowing potential - reviewing your earning status, available money for down payment, debts, income, and other areas. It's short and basic; We take pride in keeping the paperwork light.

When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are helping you to find the best loan to fit your situation and that we are confident you'll qualify for a mortgage loan up to a specific amount.

Power in the Pre-Qual

With your pre-qualification letter, several advantages are yours at the point you locate the home you want to make an offer on. The first is that you'll know the amount you can afford when determining your offer. Even more important to the seller, your pre-qualification gives them confidence - as if you had come into their home with a suitcase of cash to back up the offer! They will not have to worry that 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 trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.

We will help you with your pre-qualification

We can help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. The process leads you through your finances - your debts, income, career, cash available for down payment, among other things. It's quick and basic; and we take pride in keeping the paperwork light.

Face to Face

While you can benefit from our tools to calculate mortgage variables on our site, it is essential to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. Next, we can review your loan choices and be sure you have found the right one. We are eager to meet with you: contact us at 612-749-4914.

Have questions about pre-qualifying? Call us at 612-749-4914. dbl mortgage, LLC answers pre-qualifying questions every day.