Why Pre-Qualification is Important
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It's important to bring in your mortgage loan professional as soon as possible — even before you've started to research neighborhoods. Why? How can we help if you haven't made an offer, and do not yet know the amount you need to borrow?
We will help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. In the process, we calculate your ability to borrow - reviewing your employment, money available for down payment, existing debt, income, and other areas. It's quick and basic; We take pride in keeping the paperwork light.
We will award you a Pre-Qualification Letter after you qualify, that states that we are confident you will qualify for a certain amount of mortgage dollars.
Once you locate a house that is right for you, and you want to put together an offer, being pre-qualified for a loan will do a number of things. The first is that you can know what you can afford when putting together your offer.
Of greater importance to the home seller, your being pre-qualified is like your having walked into their house with a suitcase full of cash to make the deal! They need not wonder if that they're wasting their time if you can't have the ability to qualify for a big enough mortgage. The seller won't worry if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount won't cause them concern. You have the capability to back up your offer.
We will help you pre-qualify
We will help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by walking you through the pre-qualification process. We do this by analyzing your income and debts, your employment and housing situations, your available funds for a down payment, required reserves, and some other things. We as for a minimum amount of paperwork, with a quick process.
Face to Face
It's important for you to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculators on our site. We can begin working on your pre-qualification letter. For another thing, we might locate a different mortgage choice that fits your situation better. Let us get you started: Call us at 8037793638.
Have questions about pre-qualifying? Call us at 8037793638. We answer pre-qualification questions every day.