Why it's Important to Pre-Qualify
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It can be important to see a mortgage professional first, even before you have determined the sort of home to search for. Why? What can we do for you if you have not negotiated an amount, and do not yet know how much you want to borrow?
We Will Help You Pre-Qualify
We can help you determine the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. This process walks you through your finances - your debt, income, employment, and down payment money, among other things. It's a quick, thorough process with minimal risks for papercuts.
At the point you are determined to be eligible, we prove our confidence in your potential to qualify for a loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
Holding your pre-qualification letter, a number of advantages are yours at the point you find the house you want to make an offer for. First, it lets you know how much you can offer.
Even more important to the present owner, your pre-qualification letter gives them certainty - as if you had entered their house with a suitcase of cash to back up the offer! They won't have to be concerned that they are wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't count on you to qualify for your loan.Your qualifying for the necessary loan amount won't be something for them to fret over. You will have the sway of a buyer ready to make the deal right now!
We will help you with your pre-qualification
We 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. In the process, we explore your ability to borrow - looking at your job, money available for down payment, existing debt, income, and other areas. It's short and to the point; and we take pride in keeping the paperwork light.
One on one
You can certainly use the mortgage calculators here on our site to get an idea of how much mortgage you will be able to afford - but it's also essential to talk with one of our mortgage professionals. That way, we'll help you get your pre-qualification letter. Next, we can study your mortgage program choices to make sure you have chosen the right one. Let us help you get started: Contact us at 8014134570.
Have questions about pre-qualifying? Call us at 8014134570. It's our job to answer pre-qualification questions, so we're happy to help!