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It is important to see a mortgage loan pro first, even if you haven't decided what type of home to search for. Why? When you do not know yet how much house you want to qualify for, how can we help?
We can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. The process takes you through your finances - your debts, income, job, and down payment money, among other things. We ask for a minimum amount of paperwork, and avoid a lengthy process.
We'll give you a Pre-Qualification Letter if you qualify, which says that we are confident you can qualify for up to a certain amount of mortgage dollars.
Power in the Pre-Qual
Holding your pre-qualification letter, several advantages are yours once you find the house you want to put together an offer on. First of all, you have some general numbers in mind, as the amount you can borrow.
More important to the existing home owner, your pre-qualification is like your having walked into their house with a bag full of money to make the deal! They need not worry that that they are wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.
We can help you pre-qualify
We can help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. During this process, we determine your capacity to borrow - reviewing your employment, available money for down payment, debts, income, and other areas. We require a minimum amount of paperwork, with a short, basic process.
Face to Face
It is important for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage loan calculators on our website. We can walk you through your pre-qualification letter. Then, we can make sure we have chosen the right mortgage loan program for you. Let us help you get started: Contact us at 703.255-5810.
Have questions about pre-qualifying? Call us at 703.255-5810. We answer pre-qualification questions every day.