Why Pre-Qualification is Important
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It's helpful to bring in your mortgage loan professional early — even before you've started narrowing down neighborhoods. Why? If you do not know yet how much house you want to qualify for, how can we help?
When we pre-qualify you, we help you find out how much of a monthly payment you can fit in your budget, and how much we of a loan you will qualify for. We do this by analyzing your income and debts, your employment and housing situations, your funds available for down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.
We will give you a Pre-Qualification Letter after you qualify, that states that we're confident you will qualify for up to a certain amount of mortgage dollars.
A number of advantages open to you when you find your dream house, and have pre-qualification. The first is that you will know what you can afford when determining your offer.
More important to the existing home owner, your pre-qualification is like your having walked into their house with a bag full of cash ready to make the deal! They will not have to be concerned that they are wasting their time if you don't have the ability to qualify for a high enough mortgage. The seller won't worry if he can trust you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. You can have the sway of a buyer ready to make the purchase on the spot!
We will help you with your pre-qualification
We will help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. We do this by analyzing your income and debts, your employment and residence situations, your available funds for a down payment, required reserves, and other considerations. It's quick and basic; and we keep the paperwork light.
One on one
It is vital for you to sit down and talk with us, even though you are free to also use the helpful mortgage calculators on this site. That way, we will be able to help you get your pre-qualification letter. Then, we can make sure we have the ideal mortgage program for you. We're waiting to meet with 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!