Why Pre-Qualification is Important
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It is important to consult your mortgage loan professional as soon as possible — even before you have started narrowing down neighborhoods. Why? It might be hard to understand the ways in which we can help even before you start to talk about prices and negotiations.
We will help you see how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. We achieve this by considering your debts and income, your employment and residence situations, your funds available for a down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
We will award you a Pre-Qualification Letter when you qualify, that documents that we are confident you'll qualify for up to a specific amount of mortgage dollars.
Holding your pre-qualification letter, a number of advantages are yours once you find the house you want to put together an offer for. The first is that you will be sure the amount you'll be able to afford when determining the offer.
Your pre-qualification also will make your offer look even better to the home seller, as if you were bringing them a suitcase of cash! They won't need to worry that they have been wasting their time if you won't be able to be able to qualify for a big 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'll need.Your qualifying for the necessary mortgage loan amount won't cause them concern. You have the capability to back up your offer.
We can help you pre-qualify
Our mortgage professionals will help you find out the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. We do this by analyzing your debts and income, your work and housing circumstances, your available funds for a down payment, required reserves, and some other things. We will ask for a minimum amount of paperwork, with a short, basic process.
One on one
You can certainly use the calculators available on this site to calculate the size mortgage you will 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. Then, we will make sure we have selected the right mortgage loan program for you. Contact us at 4056158543 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 4056158543. It's our job to answer pre-qualification questions, so we're happy to help!