The Importance of Pre-Qualifying
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It's important to consult with your mortgage loan professional as soon as possible — even before you have started to research neighborhoods. Why? It might be difficult to understand the ways in which we could help even before you begin to calculate your offer.
When we pre-qualify you, we help you decide the amount in monthly mortgage payments you can fit in your budget, and how much we of a loan you will qualify for. We do this by reviewing your debts and income, your employment and residence circumstances, the funds available for down payment, required reserves, and other considerations. It's quick and to the point; We keep the paperwork light.
We'll give you a Pre-Qualification Letter after you qualify, that documents that we're confident you can qualify for up to a specific amount of mortgage dollars.
Power in the Pre-Qual
With your pre-qualification letter, several advantages are yours at the point you find the home you want to put together an offer for. First, you have some general numbers in mind, as the amount you can borrow.
Being pre-qualified can also make your offer more attractive to the seller, like you were bringing them a suitcase of cash! They won't need to be concerned that they're wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home 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 will not cause them concern. You have the ability to back up your offer.
We will help you pre-qualify
We can help you calculate how much of a mortgage loan you can afford, and how much money you can borrow, by taking you through the pre-qualification process. We achieve this by analyzing your income and debts, your work and housing circumstances, the available funds for a down payment, required reserves, and some other things. It's a short, thorough process with minimal risks for papercuts.
Face to Face
While you can use our mortgage calculators on this site, it's essential to sit down and talk with one of our mortgage professional team members. For one thing, you'll need a Pre-Qualification Letter! Next, we can study your mortgage loan choices and be sure you are in the best one. We're eager to hear from you: contact 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!