Why it's Important to Pre-Qualify
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Even if you've not so much as narrowed down houses to view yet, it's important to see your mortgage pro first. Why? When you don't yet know how much house you need to qualify for, what could we do for you?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the size of loan you can qualify for. We accomplish this by analyzing your income and debts, your work and residence circumstances, the funds available for a down payment, required reserves, and some other things. It's short and to the point; We take pride in keeping the paperwork light.
Once you are determined to be eligible, we document our confidence in your capacity to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Holding your pre-qualification letter, some advantages fall at your feet at the point you locate the home you want to make an offer on. First, it helps you know the amount that you're able to offer.
Of greater importance to the home seller, your pre-qualification is like your having walked into their front door with a bag full of money to make the deal! They need not worry that they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't cause them concern. You have the influence of a buyer ready to make the deal on the spot!
We will help you pre-qualify
We will help you see how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. We can accomplish this by considering your income and debts, your work and residence situations, the funds available for down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
One on one
You can certainly use the calculators available on this site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with us. That way, we will be able to help you get your pre-qualification letter. Next, we can study your mortgage loan options to make sure you have chosen the best one. Let us help you get started: Call us at 3175959600.
Have questions about pre-qualifying? Call us at 3175959600. We answer pre-qualification questions every day.