Why Pre-Qualification is Important

It is important to consult with your mortgage loan professional as soon as possible — even before you've started to consider neighborhoods. What for? It may be difficult to fathom the ways we can help even before you start to calculate your offer.

We Will Help You Pre-Qualify

When we pre-qualify you, we help you figure out the amount in mortgage payments you can afford, and the size of loan you can qualify for. The process outlines your financial situation - your debts, income, employment, and down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.

When you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Pre-Qualification Power

Holding your pre-qualification letter, some advantages fall at your feet at the point you locate the house you want to make an offer for. First of all, you have some concrete numbers in mind, as the total you will be able to borrow. Of greater importance to the home seller, your pre-qualification is like your having walked into their front door with a suitcase full of money to purchase the house! They won't need to wonder if they're wasting their time if you don't be able to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount won't be something for them to fret 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 calculate how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We can do this by reviewing your debts and income, your employment and residence circumstances, the funds available for a down payment, required reserves, and other financial considerations. It's quick and basic; and we take pride in keeping the paperwork light.


While you are encouraged to benefit from our tools to calculate mortgage variables on this website, it is essential to sit down and talk with us. That way, we can help you get your pre-qualification letter. Then, we can make sure we have found the best mortgage program for you. Let us get you started: Call us at 312-829-1010.

Have questions about pre-qualifying? Call us at 312-829-1010. Cypress Mortgage answers pre-qualifying questions every day.