Why Pre-Qualify?

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It's valuable to visit with a mortgage professional early, even before you have decided what type of home to look for. Why? If you do not know yet how much house you need to qualify for, what can we do for 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 pre-qualifying. We do this by analyzing your income and debts, your work and housing situations, your funds available for down payment, required reserves, and some other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.

We award you a Pre-Qualification Letter after you qualify, which states that we are confident you'll qualify for up to a certain amount of mortgage dollars.

Power in the Pre-Qual

Some beneifits open to you when you have found your next house, and have pre-qualification. First, it helps you know how much you can offer. Even more important to the present owner, your pre-qualification letter gives them certainty - as if you'd come to their house with a suitcase of cash to back up the offer! They need not be concerned that they're wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not be something for them to worry about. You will have the influence of a buyer ready to make the deal on the spot!

We can 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 pre-qualifying. In this process, we look at your capacity to borrow - reviewing your job, money available for down payment, existing debt, income, and other areas. We as for a minimum amount of paperwork, with a quick process.

Face to Face

It is vital for you to sit down and meet with us, even though you are welcome to also use the helpful mortgage calculators on our website. For one thing, you'll need a Pre-Qualification Letter! Next, we can study your mortgage loan options and be sure you have chosen the right one. Let us help you get started: Contact us at (888) 299-4585.

Have questions about pre-qualifying? Call us at (888) 299-4585. Back Bay Funding 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.