Why Pre-Qualification is Important

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Even if you haven't so much as researched houses to visit yet, it's valuable to visit with your mortgage pro first. What for? When you don't yet know how much house you want to qualify for, what can we do for you?


We can help determine how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. This process leads you through your finances - your debts, income, employment, and cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.

When you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which documents the fact that we are working with you to find the right mortgage loan program to fit your situation and that we're confident you will qualify for a mortgage for up to a certain amount.

Pre-Qual Power

Holding your pre-qualification letter, some advantages fall at your feet at the point you locate the house you want to put together an offer on. First, it lets you know the amount that you're able to offer. Of greater importance to the existing home owner, your pre-qualification is like your having walked into their house with a suitcase full of cash ready to make the deal! They need not be concerned that they're wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.

We can help you pre-qualify

We will help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. This process takes 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

It is vital for you to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculators on this website. For one thing, you will need a Pre-Qualification Letter! Next, we can consider your mortgage program options to make sure you have selected the best one. Let us get you started: Call us at 9518404188.

Have questions about pre-qualifying? Call us at 9518404188. We answer pre-qualification questions every day.

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Budica Financial Corporation

DRE Broker #01915532 NMLS #911613