The Importance of Pre-Qualification
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Even if you have not narrowed down houses to visit yet, it's important to see your mortgage loan professional first. Why? Perhaps it's difficult to fathom the ways we can help even before you begin to talk about prices and negotiations.
When we pre-qualify you, we help you find out how much of a monthly mortgage payment you can afford, and how much we of a loan you can qualify for. During the process, we calculate your borrowing potential - looking at your job, money available for down payment, existing debt, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork to a minimum.
After you are considered eligible, we prove our confidence in your ability to qualify for a mortgage by giving you a Pre-Qualification Letter (also known as a "pre-qual").
A number of advantages open to you once you find your dream house, and have pre-qualification power. The first is that you can be sure what you can afford when calculating your offer.
Of greater importance to the current home owner, your pre-qualification is like your having entered their house with a suitcase full of cash ready to purchase their home! They won't need to be concerned that they're wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller of the home won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. They have a virtual guarantee to trust your ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and how much we of a loan you will qualify for. In the process, we look at your borrowing power - looking at your employment, money available for down payment, debt, income, and other circumstances. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It's important for you to sit down and talk with us, even though you are welcome to also utilize the helpful mortgage loan calculator tools on our site. That way, we will help you get your pre-qualification letter. Then, we can make sure we have the right mortgage program for you. Let us help you get started: Contact us at 7068605514.
Have questions about pre-qualifying? Call us at 7068605514. We answer pre-qualification questions every day.