Why it's Important to Pre-Qualify
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It's important to bring in your mortgage loan professional early — even before you've started researching neighborhoods. Why? When you don't know yet how much house you need to qualify for, what could we do for you?
Our mortgage professionals will help you calculate how much of a loan you can qualify for and the monthly payment amount you can afford by getting you pre-qualified. The process leads you through your financial situation - your debt, income, career, and down payment money, among other things. It's quick and basic; We keep the paperwork to a minimum.
After you are considered eligible, we prove our confidence in your capacity to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
Armed with your pre-qualification letter, a number of advantages are yours at the point you locate the house you want to put together an offer for. First, it helps you know how much you're able to offer.
Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you had entered their house with a suitcase of cash to make the offer! They will not need to worry that that they have been wasting their time if you will not have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the capability to back your offer up.
We will help you pre-qualify
We will help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. This process outlines your financial situation - your debts, income, employment, down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
One on one
You can always use the calculators here on our website to get an idea of how much mortgage you can afford - but it's also valuable to meet with one of our mortgage professionals. We can begin getting your pre-qualification letter. Then, we'll make sure we have found the ideal mortgage loan program for you. We are eager to meet with you: call us at 803-779-3638.
Have questions about pre-qualifying? Call us at 803-779-3638. We answer pre-qualification questions every day.