Why Pre-Qualification is Important
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It is valuable to consult your mortgage professional as soon as possible — even before you have started to consider neighborhoods. Why? If you don't know yet how much home you want to qualify for, what can we do for you?
We Can Help You Pre-Qualify
We will help you find out how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process outlines your finances - your debts, income, employment, and down payment money, among other things. We ask for a minimum amount of paperwork, with a quick process.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are working with you to find the ideal mortgage to fit your situation and that we're confident you'll qualify for a mortgage up to a certain amount.
When you locate a house that is best for you, and you decide to make an offer, being pre-qualified for a mortgage will do several things. The first is that you'll be sure what you'll be able to afford when determining the offer.
Your pre-qualification can also make your offer more attractive to the home seller, as if you were bringing them a big box of cash! They need not worry that that they are wasting their time if you won't be able to be able 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 the necessary mortgage loan amount won't be something for them to be concerned about. You'll have the clout of a buyer ready to make the purchase right now!
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 how much we of a loan you will qualify for. We accomplish this by considering your income and debts, your employment and residence situations, your available funds for down payment, required reserves, and some other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
It is vital to sit down and meet with us, even though you are free to also utilize the helpful mortgage loan calculators on this site. That way, we will be able to help you get your pre-qualification letter. For another thing, we might locate a different mortgage program that fits your needs better. We're waiting to hear from you: call us at 4078987559.
Have questions about pre-qualifying? Call us at 4078987559. It's our job to answer pre-qualification questions, so we're happy to help!