Pre-Qualification
Be prepared to act quickly and with confidence in the fast-paced real estate market by working with a trusted mortgage professional to be pre-qualified.
During the pre-qualification stage, we do a full review of your application and documents to ensure that you are set up for success when you begin viewing properties.
In doing our due diligence up-front, we can avoid surprises and act fast once you have found the perfect property and are ready to proceed with placing an offer.
Being pre-qualified is more than determining your maximum qualification. We recommend deciding on a mortgage payment that is within your comfort zone so that you can shop within your budget.
Our office will hold an interest rate for you so that you can view properties without the concern of rising interest rates impacting your qualification and mortgage payment.
How our clients saved by being pre-qualified and holding an interest rate:
The clients were pre-qualified 09/07/2022 with a fixed interest rate of 4.69% held for 120 days. While they viewed properties, interest rates increased. They secured an accepted offer on 10/17/2022.
The best fixed interest rate available at that time was 5.14%.
With Rate Hold
Mortgage – $392,730
(5 Year Fixed of 4.69%, 25 Year Amortization
APR of 4.97%)
Monthly Payment – $2215.33
Balance at Maturity – $345,878.3
Without Rate Hold
Mortgage – $392,730
(5 Year Fixed of 5.14%, 25 Year Amortization
APR of 5.41%)
Monthly Payment – $2315.54
Balance at Maturity – $348,355.35
Savings Over Term: $8489.58
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Ready to be
PRE-QUALIFIED?