Why it's Important to Pre-Qualify

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It's important to bring in your mortgage professional early — even before you have started to research neighborhoods. What for? If you don't know yet how much house you want to qualify for, what could we help you with?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you decide the amount in monthly mortgage payments you can afford, and how much we of a loan you will qualify for. This process walks you through your financial situation - your debts, income, career, and cash available for down payment, among other things. We require a minimum amount of paperwork, with a short,basic process.

When you qualify, we 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 right loan program to meet your financial needs and that we are confident you'll qualify for a loan for a certain amount.

Buying Clout

Various advantages open to you after you have found your new house, and have pre-qualification. The first is that you will be sure what you can afford when calculating your offer. Even more important to the current owner, your pre-qualification status gives them confidence - as if you had arrived at their home with a big box of cash to back up the offer! They won't have to be concerned that they're wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You will have the influence of a buyer ready to make the purchase on the spot!

We will help you pre-qualify

We will help you see how much of a mortgage loan you can afford, and the amount of money you may be able to borrow, by walking you through the pre-qualification process. We can do this by considering your income and debts, your work and housing circumstances, your funds available for down payment, required reserves, and other financial considerations. It's short and to the point; and we keep the paperwork light.

One on one

You can always use the mortgage calculators here on our site to get an idea of how much mortgage you will be able to afford - but it's also valuable to talk with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! For another thing, we might locate a different mortgage program that is a better fit for you. We are eager to meet with you: call us at 703-288-0777.

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.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.