The Importance of Pre-Qualification

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It can be helpful to visit with a mortgage loan pro early, even if you haven't settled on what sort of home to search for. Why? If you do not yet know how much home you want to qualify for, how can we help?

Pre-Qualify

When we pre-qualify you, we help you figure out the amount in monthly payments you can afford, and the size of loan you can qualify for. We will achieve this by analyzing your income and debts, your work and housing circumstances, your available funds for down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.

Once you are considered eligible, we document our confidence in your capacity to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").

Power in the Pre-Qual

Holding your pre-qualification letter, several advantages fall at your feet at the point you locate the house you want to put together an offer on. First of all, you have some definite numbers in mind, as the total you will be able to borrow. Having pre-qualification also will make your offer more attractive to the home seller, as if you were bringing them a bag full of cash! They will not need to wonder if that they are wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You have the capability to back your offer up.

We will help you pre-qualify

When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can afford, and the loan amount you will qualify for. In this process, we explore your ability to borrow - analyzing your earning status, available money for down payment, existing debt, income, and other circumstances. We as for a minimum amount of paperwork, with a quick process.

One on one

You can always use the mortgage calculators here on this site to calculate how much mortgage you can afford - but it's also valuable to talk with one of our mortgage professionals. For one thing, you'll need a Pre-Qualification Letter! Then, we'll make sure we have selected the best mortgage program for you. Contact us at 7068605514 to get your pre-qualification process started.

Have questions about pre-qualifying? Call us at 7068605514. It's our job to answer pre-qualification questions, so we're happy to help!

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Augusta Mortgage Solutions

NMLS#:148529 GA Residential Mortgage Licensee #18861

141 North Belair Road Suite 102 NMLS# 149807
Evans, GA 30809-7431