The Importance of Pre-Qualification

Searching for a loan? Joe Wagner will be glad to assist you!   Call Joe Wagner at 612-327-4544. Ready to begin? Apply Here.


It's helpful to see a mortgage loan pro first, even if you haven't decided what type of house to search for. What for? What can we do for you if you have not made an offer, and do not yet know the amount you need to borrow?


We can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. In this process, we determine your ability to borrow - looking at your job, money available for down payment, debts, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork light.

At the point you are considered eligible, we document our confidence in your capacity to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").

Buying Power

Armed with your pre-qualification letter, a number of advantages are yours once you locate the home you want to make an offer on. First, it helps you know the amount that you're able to offer. Your pre-qualification can also make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They won't have to worry that they're wasting their time if you can't have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount won't be something for them to lose sleep over. You have the ability to back up your offer.

We will help you pre-qualify

When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the size of loan you can qualify for. This process outlines your finances - your debt, income, job, down payment money, among other things. It's quick and to the point; and we keep the paperwork to a minimum.


It's important for you to sit down and meet with us, even though you are free to also use the helpful mortgage loan calculators on our site. We can work toward your pre-qualification letter. Then, we will make sure we have the best mortgage program for you. We are waiting to hear from you: call us at 612-327-4544.




Have questions about Pre-Qualifying? Give Joe Wagner a call at 612-327-4544. Joe Wagner answers pre-qualifying questions every day, so he is happy to help! We know you're are busy, so feel free to complete the form below to be contacted by Joe Wagner.

Basic Pre-Approval

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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 3.89% 4.02%
15-yr Fixed 3.16% 3.33%
1-yr Adj 2.74% 3.4%
* national averages