The Importance of Pre-Qualification

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It's valuable to visit with a mortgage loan pro early, even if you haven't settled on what type of home you hope to find. Why? How can we help you if you have not made an offer, and do not yet know how much you want to borrow?

Pre-Qualify

We will help determine how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. This process takes you through your financial situation - your debt, income, employment, and cash available for down payment, among other things. It's quick and to the point; We keep the paperwork light.

We'll give you a Pre-Qualification Letter when you qualify, that documents that we're confident you'll qualify for up to a specific amount of mortgage dollars.

Buying Clout

Armed with your pre-qualification letter, some advantages are yours at the point you find the house you want to put together an offer on. First, it helps you know how much you're able to offer. Being pre-qualified also will make your offer more attractive to the home seller, as if you were bringing them a bag full of cash! They need not wonder if that they are wasting their time if you won't be able to be able to qualify for a high enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You have the capability to back your offer up.

We will help you with your pre-qualification

When we pre-qualify you, we help you decide the amount you can afford in mortgage payments you can afford, and the size of loan you will qualify for. We can accomplish this by considering your income and debts, your work and housing circumstances, the funds available for a down payment, required reserves, and other financial considerations. We as for a minimum amount of paperwork, with a short, basic process.

Face to Face

While you are encouraged to benefit from our mortgage calculators on our website, it's essential to meet with one of our mortgage professional team members. For one thing, you'll need a Pre-Qualification Letter! Then, we'll make sure we have selected the right mortgage loan program for you. We're waiting to hear from you: contact us at 4078987559.

Have questions about pre-qualifying? Call us at 4078987559. America's Money Source answers pre-qualifying questions every day.