Why it's Important to Pre-Qualify
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It is important to visit with a mortgage professional first, even if you haven't settled on what type of house to look for. Why? What can we do for you if you haven't made an offer, and do not yet know the amount 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 mortgage payment you can fit in your budget, and the size of loan you can qualify for. This process outlines your finances - your debts, income, employment, and down payment money, among other things. It's quick and basic; We keep the paperwork light.
When you qualify, will give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are partnering with you to find the best loan to fit your financial needs and that we are confident you will qualify for a mortgage loan for a specific amount.
Power in the Pre-Qual
Holding your pre-qualification letter, a number of advantages fall at your feet when you locate the home you want to put together an offer for. The first is that you will be sure the amount you can afford when calculating your offer.
Even more important to the current owner, your pre-qualification gives them certainty - as if you'd arrived at their home with a suitcase of cash to make the offer! They need not be concerned they are wasting their time if you will not have the ability to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to fret over. You have the ability to back your offer up.
We can help you pre-qualify
When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and the size of loan you can qualify for. We will do this by analyzing your debts and income, your employment and housing situations, your funds available for down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
Face to Face
While you are able to use our mortgage calculators on our website, it's essential to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. For another thing, we could find a different mortgage program that fits your situation better. Let us get you started: Contact us at (407) 898-7559.
Have questions about pre-qualifying? Call us at (407) 898-7559. It's our job to answer pre-qualification questions, so we're happy to help!