Why it's Important to Pre-Qualify
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Even if you've not so much as narrowed down homes to view yet, it can be valuable to contact your mortgage professional early. What for? What can we do for you before you have made your offer, and don't know yet the amount you want to borrow?
We will help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. The process takes you through your finances - your debts, income, employment, and down payment money, among other things. It's quick and to the point; We keep the paperwork to a minimum.
After you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which says that we are helping you to find the best mortgage loan program to meet your situation and that we are confident you'll qualify for a mortgage loan up to a certain amount.
A number of beneifits open to you when you've found your dream house, and have achieved pre-qualification power. The first is that you can be sure the amount you'll be able to afford when calculating the offer.
More important to the existing home owner, your pre-qualification is like your having walked into their house with a bag full of money ready to purchase the home! They need not be concerned they are wasting their time if you do not have the ability to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your buying power.
We help with your pre-qualification
We can help you see how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through the pre-qualification process. This process outlines your financial situation - your debt, income, employment, cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a quick process.
Face to Face
You can always use the calculators on this site to calculate the size mortgage you will be able to afford - but it's also essential to meet with us. We can begin getting your pre-qualification letter. Then, we will make sure we have the right mortgage loan program for your situation. We're waiting to hear from you: call us at 703.255-5810.
Have questions about pre-qualifying? Call us at 703.255-5810. We answer pre-qualification questions every day.