Why Pre-Qualification is Important
Searching for mortgage advice? We'll be glad to talk about your mortgage needs! Call us at 2037296681. Want to get started? Apply Here.
It is helpful to visit with a mortgage loan pro early, even before you've decided what type of home to look for. Why? When you do not know yet how much home you want to qualify for, how could we help?
We will help you calculate the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We achieve this by reviewing your debts and income, your employment and residence situations, the funds available for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
After you are considered eligible, we will prove our confidence in your capacity to qualify for a mortgage by giving you a Pre-Qualification Letter (also called a "pre-qual").
Various beneifits open to you once you find your next house, and have achieved pre-qualification. The first is that you will be sure the amount you can afford when determining your offer.
Of greater importance to the existing home owner, your being pre-qualified is like your having walked into their house with a suitcase full of money ready to purchase their house! They won't need to worry that that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We help with your pre-qualification
We can help you calculate how much of a loan you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. We achieve this by considering your debts and income, your employment and residence situations, the funds available for a down payment, required reserves, and some other things. It is a quick, thorough process with minimal risks for papercuts.
One on one
You can certainly use the mortgage calculators on this website to get an idea of how much mortgage you can afford - but it's also important to talk with one of our mortgage professionals. That way, we will be able to help you get your pre-qualification letter. Then, we can make sure we have chosen the right mortgage loan program for you. Let us get you started: Contact us at 2037296681.
Have questions about pre-qualifying? Call us at 2037296681. It's our job to answer pre-qualification questions, so we're happy to help!