Why Pre-Qualify?

Shopping for a mortgage? We will be glad to assist you! Call us at (440) 234-9660. Want to get started? Apply Here.

Even if you have not picked out houses to view yet, it's important to contact your mortgage pro early. Why? Perhaps it's difficult to fathom how we could help even before you start to calculate your offer.


When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. During the process, we determine your ability to borrow - reviewing your earning status, money available for down payment, existing debt, income, and other areas. We ask for a minimum amount of paperwork, and avoid a lengthy process.

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

Power in the Pre-Qual

With your pre-qualification letter, several advantages fall at your feet when you locate the home you want to make an offer for. First, you have some general numbers in mind, as the amount you will qualify for with your loan. Of greater importance to the home seller, your being pre-qualified is like your having entered their house with a bag full of cash ready to purchase their home! They need not be concerned they have been wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount will not be something for them to fret over. You can have the clout of a buyer ready to make the purchase on the spot!

We will help you with your pre-qualification

When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you will qualify for. We accomplish this by considering your income and debts, your employment and housing situations, your funds available for down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.


It is vital to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculators on this site. We can begin working on your pre-qualification letter. Next, we can consider your mortgage program choices and make sure you are in the right one. Let us help you get started: Call us at (440) 234-9660.

Have questions about pre-qualifying? Call us at (440) 234-9660. Northeast Bancorp of America, Inc. answers pre-qualifying questions every day.

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