Why Pre-Qualification is Important
Searching for a loan? We'd be thrilled to talk about your mortgage needs! Call us at (203) 729-6681. Want to get started? Apply Now.
Even if you haven't so much as narrowed down houses to view yet, it is valuable to see your mortgage professional first. Why? If you do not know yet how much home you want to qualify for, how can we help?
We will help you calculate how much of a mortgage you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. This process walks you through your current financial situation - your debt, income, job, and cash available for down payment, among other things. It's short and to the point; We take pride in keeping the paperwork light.
After you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that states that we are helping you to find the right loan program to fit your needs and that we are confident you'll qualify for a loan for a specific amount.
Several beneifits open to you once you find your next house, and have pre-qualification. First of all, you have some general numbers in mind, as the total you can borrow.
Even more important to the seller of the house, your pre-qualification letter gives them certainty - as if you'd come into their house with a big box of cash to back up the offer! They need not wonder if that they're wasting their time if you won't be able to be able to qualify for a big enough mortgage. The seller won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount will not be something for them to lose sleep over. They have a virtual guarantee that they can trust your buying power.
We help with your pre-qualification
When we pre-qualify you, we help you figure out the amount you can afford in mortgage payments you can afford, and the size of loan you can qualify for. During this process, we look at your capacity to borrow - looking at your employment, money available for down payment, debts, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
Face to Face
It's vital to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculators on this site. We can begin getting your pre-qualification letter. Then, we can make sure we have found the right mortgage program for you. Let us help you get started: Call us at (203) 729-6681.
Have questions about pre-qualifying? Call us at (203) 729-6681. We answer pre-qualification questions every day.