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It is valuable to consult your mortgage loan professional early — even before you've started researching neighborhoods. Why? It may be hard to fathom the ways we could help even before you begin to calculate your offer.
We can help you determine the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. In this process, we calculate your capacity to borrow - analyzing your earning status, money available for down payment, debts, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
After you are determined to be eligible, we will prove our confidence in your potential to qualify for a mortgage by awarding you a Pre-Qualification Letter (also known as a "pre-qual").
When you locate the house that meets your needs, and you want to make an offer, being pre-qualified for a mortgage loan will do a number of things. First of all, you have some general numbers in mind, as the amount you will qualify for with your loan.
More important to the seller, your being pre-qualified is like your having walked into their house with a suitcase full of money to purchase the house! They won't have to wonder if that they are wasting their time if you do not be able 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 the necessary mortgage loan amount won't cause them concern. You have the influence of a buyer ready to make the deal right now!
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can fit in your budget, and how much we of a loan you can qualify for. We will do this by analyzing your income and debts, your work and residence situations, the funds available for down payment, required reserves, and some other things. It's short and basic; and we keep the paperwork light.
It's vital to sit down and meet with us, even though you are welcome to also try the helpful mortgage calculator tools on this site. For one thing, you'll want a Pre-Qualification Letter! Then, we can make sure we have the right mortgage loan program for your situation. Contact us at 4078987559 to get started.
Have questions about pre-qualifying? Call us at 4078987559. It's our job to answer pre-qualification questions, so we're happy to help!