When to Talk to a Mortgage Pro
Are you looking for a mortgage loan? We will be glad to assist you! Call us at 703.255-5810. Ready to begin? Apply Now.
Even if you've not so much as narrowed down homes to visit yet, it is important to visit with your mortgage loan professional early. What for? What can we do for you before you have made your offer, and do not yet know how much you need to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in monthly payments you can fit in your budget, and the loan amount you can qualify for. We can do this by considering your income and debts, your work and residence situations, the funds available for down payment, required reserves, and other financial considerations. We ask for a minimum amount of paperwork, with a short,basic process.
Once you are determined to be eligible, we prove our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
With your pre-qualification letter, some advantages fall at your feet once you find the house you want to make an offer on. The first is that you can know the amount you'll be able to afford when determining your offer.
Being pre-qualified also will make your offer more attractive to the home seller, as if you were bringing them a suitcase full of cash! They will not 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 wonder if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. They have a virtual guarantee that they can trust your buying power.
We help with your pre-qualification
When we pre-qualify you, we help you determine the amount you can afford in mortgage payments you can afford, and the size of loan you will qualify for. The process outlines your finances - your debt, income, career, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
It is important to sit down and talk with us, even though you are free to also use the helpful mortgage calculators on our site. That way, we'll be able to help you get your pre-qualification letter. Then, we'll make sure we have selected the ideal mortgage program for your situation. Let us get you started: Call us at 703.255-5810.
Have questions about pre-qualifying? Call us at 703.255-5810. It's our job to answer pre-qualification questions, so we're happy to help!