Need help with financing?
Financing by Guaranteed Rate
The Phalen Mortgage Group was founded on the principle of providing consumers with low cost loans and world class services. Through our use of technology and professional standards, the Phalen Mortgage Group ranks in the top of the nation of mortgage bankers.
101 years of combined experience working for you!
NMLS ID 279541 IL- 031.0027920-MB.0005932
In a hurry? Call 630-320-3990 to apply over the phone
Why Get Pre-Qualified?
- Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.
- While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.
- These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.
