Why it's Important to Pre-Qualify
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It's helpful to see a mortgage loan pro first, even if you haven't decided the sort of home you hope to find. Why? What can we do for you if you have not negotiated an amount, and don't yet know the amount you want to borrow?
We Can Help You Pre-Qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you may be able to borrow, by taking you through the pre-qualification process. In this process, we explore your ability to borrow - looking at your job, money available for down payment, debts, income, and other areas. We will ask for a minimum amount of paperwork, with a quick process.
When you are considered eligible, we prove our confidence in your potential to qualify for a loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
With your pre-qualification letter, some advantages are yours once you locate the house you want to make an offer on. First of all, you have some definite numbers in mind, as the amount you can borrow.
More important to the current home owner, your pre-qualification is like your having walked into their front door with a suitcase full of cash ready to make the deal! They won't have to wonder if that they are wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can afford, and the size of loan you can qualify for. We do this by reviewing your income and debts, your work and residence circumstances, the available funds for down payment, required reserves, and other financial considerations. We require a minimum amount of paperwork, with a quick process.
Face to Face
You can certainly use the calculators on our site to get an idea of how much mortgage you'll be able to afford - but it's also important to meet with one of our mortgage professionals. We can work toward your pre-qualification letter. Then, we can make sure we have found the ideal mortgage program for your situation. We're waiting to meet with you: contact us at 8037793638.
Have questions about pre-qualifying? Call us at 8037793638. We answer pre-qualification questions every day.