Why Pre-Qualification is Important
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It's valuable to bring in your mortgage loan professional early — even before you've started to research neighborhoods. Why? If you don't yet know how much house you need to qualify for, what could we do for you?
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We achieve this by analyzing your income and debts, your work and housing circumstances, the available funds for down payment, required reserves, and other financial considerations. It is a quick, thorough process with minimal risks for papercuts.
We will give you a Pre-Qualification Letter if you qualify, which says that we are confident you'll qualify for a certain amount of mortgage dollars.
Power in the Pre-Qual
Once you locate the house that is right for you, and you decide to put together an offer, being pre-qualified for a loan will do several things. The first is that you can know the amount you can afford when determining your offer.
Even more important to the seller of the home, your pre-qualification letter gives them confidence - as if you had entered their house with a bag of cash to make the offer! They need not wonder if that they are wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you determine the amount you can afford in monthly mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. During the process, we calculate your borrowing capacity - analyzing your employment, available money for down payment, debt, income, and other circumstances. It's quick and basic; and we keep the paperwork light.
Face to Face
While you can use our mortgage calculators on our site, it will be a good idea to meet with us. For one thing, you will want a Pre-Qualification Letter! For another thing, we may find a different mortgage loan option that better fits your needs. Let us help you get started: Contact us at 4808226290.
Have questions about pre-qualifying? Call us at 4808226290. It's our job to answer pre-qualification questions, so we're happy to help!