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PRE-QUALIFYING

After evaluating your income, assets and employment, your Loan Consultant can give you an idea of the mortgage amount for which you may qualify.

The loan approval process generally begins with an initial interview where you and your Loan Consultant will discuss the your income and long term debts. This step is called pre-qualification* and it can help you shop for affordable properties in the correct price range.

Ability to Repay

When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan. To ensure your loan is truly affordable, a lender will verify your employment and income. Your monthly Debt to Income ratio – your total income, minus monthly credit payments and other debts — will also be considered.

*A pre-qualification is not an approval of credit and does not signify that underwriting requirements have been met.

Team Awesome Sauce and Good Gravy
Loan Consultant
NMLS#
29012 Mallard St. Dallas, TX 75093
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