Why it's Important to Pre-Qualify

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It can be valuable to visit with a mortgage professional first, even before you have decided the sort of home you hope to find. Why? It may be hard to understand how we can help even before you start to calculate your offer.

Pre-Qualify

When we pre-qualify you, we help you determine how much of a monthly payment you can afford, and the size of loan you can qualify for. During the process, we determine your borrowing potential - reviewing your job, money available for down payment, existing debt, income, and other areas. We will ask for a minimum amount of paperwork, with a quick process.

We'll give you a Pre-Qualification Letter if you qualify, that says that we're confident you will qualify for a certain amount of mortgage dollars.

Power in the Pre-Qual

With your pre-qualification letter, a number of advantages fall at your feet at the point you find the home you want to put together an offer for. First of all, you have some definite numbers in mind, as the amount you will qualify for on your loan. Being pre-qualified also will make your offer look even better to the seller, like you were bringing them a suitcase full of cash! They need not worry that that they're wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to be concerned about. You will have the influence of a buyer ready to make the deal on the spot!

We will help you pre-qualify

We can help determine how much of a mortgage you can afford, and the amount of money you will be able to borrow, by walking you through the pre-qualification process. The process outlines your finances - your debts, income, employment, cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.

One on one

You can certainly use the mortgage calculators available on this website to calculate how much mortgage you'll be able to afford - but it's also valuable to talk with one of our mortgage professionals. We can begin working on your pre-qualification letter. For another thing, we could find a different mortgage option that is a better fit for you. Contact us at 4078987559 to get your pre-qualification process started.

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