Kelly Allison, regional builder vice president for Caliber Home Loans southeast division in Atlanta, discusses the importance of pre-qualification and how to be pre-approved for a loan with Caliber Home Loans on the most recent segment of Mortgage Minutes.

When you begin your search for a new home, one of the first things to do is get pre-qualified. Pre-qualification is when you meet with a loan consultant and discuss your income and long-term debts. This process helps them to be able to give you an idea of the mortgage amount you would qualify for and could afford. Once you are pre-qualified, you can begin searching for your new home and have a better idea of the price range you can afford.

Currently, the housing market is a hot seller’s market. This means sellers want to, and prefer, to see a pre-qualification letter submitted with any offers they get on their home. It is not required, but it can go a long way in the seller’s eyes. It shows that someone has gone the extra mile and has actually been pre-qualified for a loan.

The pre-qualification process is not as complicated as it used to be. It has become a painless process, especially when you work with Caliber Home Loans. Loan applicants can apply for pre-qualification from the comfort of their own home thanks to the effortless online application.

Alternatively, applicants can also visit one of the several Caliber Home Loans offices in the Atlanta area to do a face-to-face application with a broker over a cup of coffee. For added convenience, Caliber Home Loans also takes over-the-phone applications.

Whatever is most suitable for you, Caliber Home Loans wants to work with you and make it possible. Caliber Home Loans is committed to helping each client throughout the entire process to make it easy, fast and successful, so you can begin shopping for your new home.

It is best to have the pre-qualification letter before shopping for your new home, so get in touch with Caliber Home Loans to get started. Visit CaliberHomeLoans.com for more information or call 404-323-4748. Let Caliber Home Loans guide you home today!

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