Why Pre-Qualify?

	Are you looking for a mortgage? We'll be glad to discuss your mortgage needs! Give us a call today at 312-806-9309. Ready to begin? Apply Now.

It's important to consult your mortgage professional early — even before you've started to research neighborhoods. Why? Maybe it's hard to fathom the way we can help even before you begin to calculate your offer.

We Can Help You Pre-Qualify

We can help you see how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. During the process, we look at your ability to borrow - analyzing your employment, available money for down payment, existing debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.

At the point you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Buying Power

Various advantages open to you after you find your new house, and have pre-qualification power. The first is that you will know what you will be able to afford when determining your offer. Even more important to the current owner, your pre-qualification letter gives them certainty - as if you'd arrived at their home with a big box of cash to make the offer! They need not wonder if that they have been wasting their time if you do not be able to qualify for a big enough mortgage. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not cause them concern. You'll have the sway of a buyer ready to make the purchase on the spot!

We help with your pre-qualification

We can help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. We do this by analyzing your debts and income, your employment and housing situations, the funds available for a down payment, required reserves, and other considerations. It's quick and basic; and we take pride in keeping the paperwork light.

One on one

While you are encouraged to use our mortgage calculators on our site, it's essential to meet with one of our mortgage professional team members. That way, we'll be able to help you get your pre-qualification letter. Next, we can review your mortgage program choices to be sure you have selected the right one. Contact us at 312-806-9309 to get started.

Have questions about pre-qualifying? Call us at 312-806-9309. The Dave Radke Team at Standard Bank and Trust answers pre-qualifying questions every day.