When to Talk to a Mortgage Professional
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Even if you've not so much as narrowed down houses to view yet, it is important to visit with your mortgage professional early. Why? It might be hard to fathom the ways in which we can help even before you start to negotiate.
We Can Help You Pre-Qualify
We can help you calculate how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During this process, we look at your borrowing power - reviewing your job, money available for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that says that we are helping you to find the right loan to meet your financial needs and that we're confident you will qualify for a loan up to a specific amount.
When you find a house that is right for you, and you decide to make an offer, being pre-qualified for a mortgage loan will do a number of things. First of all, you have some definite numbers in mind, as the amount you will be able to borrow.
Your pre-qualification will also make your offer look even better to the seller, as if you were bringing them a suitcase full of cash! They need not be concerned that they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not be something for them to fret over. You will have the sway of a buyer ready to make the purchase right now!
We can help you pre-qualify
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. During the process, we determine your borrowing potential - looking at your earning status, available money for down payment, debts, income, and other circumstances. It's short and to the point; and we keep the paperwork to a minimum.
One on one
It is important for you to sit down and meet with us, even though you are welcome to also utilize the helpful mortgage calculator tools on our site. For one thing, you will need a Pre-Qualification Letter! For another thing, we may find a different mortgage option that fits your needs better. Let us get you started: Call us at (203) 729-6681.
Have questions about pre-qualifying? Call us at (203) 729-6681. Amity Mortgage LLC answers pre-qualifying questions every day.