Why it's Important to Pre-Qualify

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It's important to consult your mortgage professional early — even before you have started narrowing down neighborhoods. What for? It might be hard to understand the ways we can help even before you begin to calculate your offer.


We can help determine 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. We can do this by considering your debts and income, your employment and housing situations, the available funds for down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.

We award you a Pre-Qualification Letter if you qualify, which says that we are confident you can qualify for up to a specific amount of mortgage loan dollars.

Buying Clout

Holding your pre-qualification letter, several advantages fall at your feet once you locate the house you want to put together an offer on. The first is that you'll know what you'll be able to afford when putting together the offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd arrived at their house with a suitcase of cash to back up the offer! They need not be concerned they have been wasting their time if you don't be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed loan amount won't be something for them to fret over. They have a virtual guarantee that they can trust your buying power.

We can help you pre-qualify

We will 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. In the process, we determine your borrowing potential - looking at your job, money available for down payment, debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.

One on one

While you are able to use our mortgage calculators on this site, it's a good idea to meet with one of our mortgage professional team members. That way, we'll help you get your pre-qualification letter. For another thing, we may locate a different mortgage program that better fits your needs. Contact us at 703-288-0777 to get started.

Have questions about pre-qualifying? Call us at 703-288-0777. Saab Mortgage 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.

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