Why it's Important to Pre-Qualify
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Even if you have not so much as narrowed down houses to visit yet, it's valuable to visit with your mortgage professional early. What for? What can we do for you before you have made your offer, and do not yet know the amount you want to borrow?
We Can Help You Pre-Qualify
We will help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We can do this by reviewing your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
After you are considered eligible, we document our confidence in your ability to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Various beneifits open to you when you've found your dream house, and have pre-qualification. The first is that you'll be sure the amount you will be able to afford when calculating the offer.
More important to the current home owner, your pre-qualification is like your having entered their front door with a bag full of cash to make the deal! They will not need to be concerned they have been wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to worry about. They have a virtual guarantee that they can trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can afford, and the loan amount you will qualify for. We can accomplish this by analyzing your debts and income, your work and housing circumstances, your funds available for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, with a quick process.
Face to Face
It's vital to sit down and meet with us, even though you are welcome to also use the helpful mortgage loan calculator tools on our website. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have found the right mortgage loan program for your situation. Let us get you started: Call us at 3175959600.
Have questions about pre-qualifying? Call us at 3175959600. It's our job to answer pre-qualification questions, so we're happy to help!