The Importance of Pre-Qualification
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It's valuable to visit with a mortgage loan pro early, even before you have decided the sort of home to search for. What for? How can we help you before you have negotiated an amount, and don't yet know how much you need to borrow?
We can help determine how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. The process leads you through your financial situation - your debt, income, employment, and cash available for down payment, among other things. It's short and basic; We keep the paperwork to a minimum.
We give you a Pre-Qualification Letter once you qualify, which states that we're confident you'll qualify for a predetermined amount of mortgage dollars.
When you locate a house that meets your needs, and you decide to make an offer, being pre-qualified for a mortgage will do several things. The first is that you'll know what you'll be able to afford when determining the offer.
Even more important to the seller of the home, your pre-qualification gives them certainty - as if you had entered their house with a big box of cash to back up the offer! They will not have 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 worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't cause them concern. You'll have the clout of a buyer ready to make the purchase on the spot!
We can help you pre-qualify
Our mortgage professionals will help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. In the process, we look at your ability to borrow - reviewing your job, money available for down payment, debts, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.
One on one
While you are able to use our mortgage calculators on our site, it's a good idea to meet with one of our mortgage professional team members. That way, we can help you get your pre-qualification letter. Then, we can make sure we have found the right mortgage program for you. Let us help you get started: Contact us at (407) 898-7559.
Have questions about pre-qualifying? Call us at (407) 898-7559. We answer pre-qualification questions every day.
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