Why it's Important to Pre-Qualify
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It is important to see a mortgage loan pro first, even before you have determined what sort of home to look for. Why? How can we help before you have made an offer, and don't know yet how much you need to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and how much we of a loan you will qualify for. In this process, we look at your borrowing power - analyzing your earning status, 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.
We give you a Pre-Qualification Letter if you qualify, which states that we're confident you will qualify for up to a certain amount of mortgage dollars.
Some advantages open to you after you have found your new house, and have achieved pre-qualification power. The first is that you will know the amount you'll be able to afford when determining the offer.
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 won't need to wonder if that they have been wasting their time if you don't be able 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 mortgage in the amount you will need.Your qualifying for the necessary loan amount won't be something for them to lose sleep over. You will have the clout of a buyer ready to make the deal on the spot!
We can help you pre-qualify
We will help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. During the process, we look at your borrowing capacity - analyzing your job, available money for down payment, debt, income, and other areas. It's short and basic; and we keep the paperwork to a minimum.
It is vital to sit down and meet with us, even though you are free to also try the helpful mortgage calculator tools on our website. That way, we'll be able to help you get your pre-qualification letter. Next, we can study your loan options and be sure you are in the right one. We're eager to hear from you: call us at 803-779-3638.
Have questions about pre-qualifying? Call us at 803-779-3638. Columbia Mortgage Corp answers pre-qualifying questions every day.