Why it's Important to Pre-Qualify
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Even if you have not so much as narrowed down homes to visit yet, it's advantageous to contact your mortgage professional first. Why? It might be difficult to fathom the ways in which we could help even before you start to talk about prices and negotiations.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you decide the amount in monthly payments you can afford, and the loan amount you can qualify for. We accomplish this by considering your debts and income, your work and housing situations, the funds available for down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, with a short,basic process.
When you qualify, we give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that says that we are partnering with you to find the ideal mortgage loan to fit your financial needs and that we are confident you will qualify for a mortgage up to a specific amount.
After you locate the house that catches your eye, and you want to make an offer, being pre-qualified for a loan will do a number of things. The first is that you can know what you will be able to afford when calculating the offer.
Being pre-qualified will also make your offer look even better to the seller, as if you were bringing them a suitcase of cash! They will not need to worry that they're wasting their time if you can't have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the capability to back your offer up.
We can help you pre-qualify
We can help determine how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. We will accomplish this by analyzing your income and debts, your work and residence circumstances, the funds available for down payment, required reserves, and other considerations. It is a quick, thorough process with minimal risks for papercuts.
One on one
It is vital for you to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculators on our site. For one thing, you will need a Pre-Qualification Letter! For another thing, we might locate a different mortgage choice that fits your goals better. Contact us at 7032555810 to get started.
Have questions about pre-qualifying? Call us at 7032555810. We answer pre-qualification questions every day.