The Importance of Pre-Qualifying
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It is valuable to consult your mortgage loan professional early — even before you have started to consider neighborhoods. What for? It may be difficult to understand the way we can help even before you start to calculate your offer.
Our mortgage professionals can help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. This process outlines your finances - your debts, income, career, and down payment money, among other things. It's short and basic; We keep the paperwork to a minimum.
When you qualify, will give you a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are helping you to find the ideal mortgage to fit your situation and that we are confident you'll qualify for a loan up to a specific amount.
Holding your pre-qualification letter, some advantages are yours at the point you locate the house you want to put together an offer for. The first is that you will be sure what you'll be able to afford when putting together your offer.
Having pre-qualification can also make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They won't have to worry that that they're wasting their time if you don't be able to qualify for a big enough mortgage loan. The seller won't worry if he can count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We will help you with your pre-qualification
When we pre-qualify you, we help you figure out the amount you can afford in monthly payments you can fit in your budget, and the loan amount you can qualify for. The process walks you through your finances - your debt, income, career, cash available for down payment, among other things. It's short and basic; and we take pride in keeping the paperwork light.
You can always use the calculators on our site to get an idea of how much mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. For one thing, you will need a Pre-Qualification Letter! Next, we can review your mortgage program choices and make sure you are in the right one. Contact us at 3175959600 to get started.
Have questions about pre-qualifying? Call us at 3175959600. We answer pre-qualification questions every day.