The Importance of Pre-Qualifying

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It's helpful to bring in your mortgage professional early — even before you've started narrowing down neighborhoods. Why? If you don't know yet how much house you need to qualify for, what could we help you with?


Our mortgage professionals will help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. We will do this by reviewing your debts and income, your work and residence circumstances, your available funds for down payment, required reserves, and some other things. It's quick and to the point; We keep the paperwork light.

Once you are considered eligible, we will prove our confidence in your potential to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Clout

With your pre-qualification letter, some advantages are yours once you find the house you want to make an offer on. First of all, you have some concrete numbers in mind, as the amount you can borrow. Having pre-qualification also will make your offer more attractive to the seller, as if you were bringing them a big box of cash! They will not have to wonder if that they're wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. 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 will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through pre-qualifying. During the process, we determine your borrowing capacity - looking at your job, available money for down payment, existing debt, income, and other circumstances. We will require a minimum amount of paperwork, and avoid a lengthy process.

One on one

While you are able to use our tools to calculate mortgage variables on our website, it will be essential to sit down and talk with one of our mortgage professional team members. That way, we will help you get your pre-qualification letter. For another thing, we could find a different mortgage choice that fits your situation better. Let us get you started: 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

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