Why Pre-Qualification is Important

Looking for a mortgage loan? We will be glad to help! Give us a call at 810.679.2500 or 800.397.2504. Ready to begin? Apply here.

It is valuable to consult with your mortgage loan professional as soon as possible — even before you've started narrowing down neighborhoods. Why? If you don't yet know how much home you need to qualify for, what could we help you with?

We Will Help You Pre-Qualify

We will help you see how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. We do this by considering your income and debts, your employment and residence situations, the funds available for down payment, required reserves, and other considerations. It's quick and basic; We keep the paperwork to a minimum.

When you are determined to be eligible, we will prove our confidence in your ability to qualify for a mortgage by presenting you with a Pre-Qualification Letter (also called a "pre-qual").

Buying Power

Armed with your pre-qualification letter, some advantages fall at your feet when you find the home you want to put together an offer on. First, you have some concrete numbers in mind, as the total you will be able to borrow. Being pre-qualified also will make your offer look even better to the seller, as if you were bringing them a suitcase full of cash! They won't need to worry that that they are wasting their time if you won't be able to be able to qualify for a high enough mortgage loan.


You can certainly use the calculators here on our site to calculate how much mortgage you will be able to afford - but it's also valuable to meet with one of our mortgage professionals. We can work toward your pre-qualification letter. Next, we can consider your mortgage program choices and be sure you are in the best one. We are waiting to hear from you: contact us at 810.679.2500 or 800.397.2504.

Have questions about pre-qualifying? Call us at 810.679.2500 or 800.397.2504. Eastern Michigan Bank answers pre-qualifying questions every day.

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