Prequalification before an offer
An estimate from last year isn’t worth much anymore. We redo your income, debts, and funds before you put in an offer.
Situation
You want to put in an offer soon, but your capacity estimate is several months old.
The starting figures
- Previous estimate
- 7 months ago
- New target price
- + $45,000
- Recent debt
- $510 / month
- Down payment
- Statements need updating
What the figures tell us
An old estimate turns fragile the moment the price, your debts, the rates, or the source of funds shift. The property you’re targeting also brings its own taxes, its heating, sometimes its own particular rules.
Options to compare
We put the old scenario next to today’s figures, then adjust the price or the down payment before the offer is written.
The trap to avoid
A prequalification letter approves neither the property nor the financing. Before you put in an offer, we redo the numbers, not after.
The decision to make
We set the price and the conditions of your offer from today’s numbers, not from the estimate you got seven months ago.