When to Talk to Your Mortgage Professional About Pre-Qualification

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It's valuable to visit with a mortgage loan pro first, even if you haven't decided the kind of house you hope to find. What for? Perhaps it's difficult to understand the ways in which we could help even before you begin to calculate your offer.

We Will Help You Pre-Qualify

We can help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. During this process, we look at your capacity to borrow - analyzing your employment, money available for down payment, existing debt, income, and other circumstances. We ask for a minimum amount of paperwork, with a short,basic process.

After you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which states that we are partnering with you to find the best loan to meet your needs and that we're confident you will qualify for a loan for a certain amount.

Buying Clout

With your pre-qualification letter, several advantages fall at your feet when you locate the house you want to put together an offer on. The first is that you will be sure what you can afford when determining the offer. Even more important to the seller of the home, your pre-qualification status gives them confidence - as if you'd entered their house with a suitcase of cash to back up the offer! They need not wonder if that they are wasting their time if you do not be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.

We can help you pre-qualify

We will help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. The process leads you through your finances - your debt, income, job, cash available for down payment, among other things. It is a quick, thorough process with minimal risks for papercuts.

Face to Face

While you are encouraged to use our tools to calculate mortgage variables on our website, it is a good idea to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. Then, we will make sure we have the ideal mortgage loan program for your situation. We are eager to hear from you: call us at 3175959600.

Have questions about pre-qualifying? Call us at 3175959600. Milestone Mortgage, Inc. NMLS#136714 answers pre-qualifying questions every day.