Why it's Important to Pre-Qualify

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Even if you've not picked out houses to visit yet, it is important to visit with your mortgage loan professional early. What for? What can we do for you if you have not negotiated a price, and don't yet know the amount you need to borrow?

Pre-Qualify

We can help determine how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through pre-qualifying. This process leads you through your finances - your debts, income, career, and cash available for down payment, among other things. It's short and basic; We keep the paperwork light.

At the point you are determined to be eligible, we document our confidence in your potential to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

Various advantages open to you once you have found your new house, and have pre-qualification power. First of all, you have some general numbers in mind, as the amount you will qualify for on your mortgage. Of greater importance to the current home owner, your pre-qualification is like your having entered their front door with a suitcase full of money to make the deal! They will not need to be concerned they have been wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. They have a virtual guarantee to trust your buying power.

We will help you with your pre-qualification

We will help you calculate the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We achieve this by considering your debts and income, your employment and housing situations, your funds available for down payment, required reserves, and other financial considerations. It is a quick, thorough process with minimal risks for papercuts.

Face to Face

You can always use the mortgage calculators available on our website to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. We can begin getting your pre-qualification letter. Then, we'll make sure we have the right mortgage loan program for your situation. Let us get you started: Call us at (808) 935-0678.

Have questions about pre-qualifying? Call us at (808) 935-0678. Family Mortgage Company of Hawaii, Inc. NMLS #244497 answers pre-qualifying questions every day.