When to Talk to a Mortgage Pro About Pre-Qualifying
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It is helpful to consult with your mortgage loan professional as soon as possible — even before you have started to research neighborhoods. Why? When you do not yet know how much house you want to qualify for, what can we help you with?
We Can Help You Pre-Qualify
We will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. This process takes you through your financial situation - your debts, income, career, and cash available for down payment, among other things. It's quick and to the point; We keep the paperwork light.
Once you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which documents the fact that we are working with you to find the right mortgage loan to meet your financial needs and that we are confident you'll qualify for a mortgage up to a certain amount.
Holding your pre-qualification letter, some advantages are yours at the point you find the house you want to put together an offer on. The first is that you'll be sure the amount you can afford when putting together the offer.
More important to the home seller, your pre-qualification is like your having walked into their house with a suitcase full of cash to make the deal! They need not wonder if they're wasting their time if you won't be able to have the ability to qualify for a big enough mortgage loan. The seller of the home won't wonder if he can 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 worry about. You have the capability to back up your offer.
We will help you with your pre-qualification
We can help determine how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. We will accomplish this by reviewing your debts and income, your employment and residence situations, the funds available for down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, with a short, basic process.
While you are encouraged to use our tools to calculate mortgage variables on this site, it will be a good idea to meet with one of our mortgage professional team members. We can walk you through your pre-qualification letter. For another thing, we could locate a different mortgage program that fits your goals better. We are waiting to hear from you: contact us at 2037296681.
Have questions about pre-qualifying? Call us at 2037296681. We answer pre-qualification questions every day.