The Importance of Pre-Qualification
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It's valuable to consult with your mortgage professional as soon as possible — even before you've started to research neighborhoods. What for? Maybe it is difficult to understand the ways we can help even before you begin to talk about prices and negotiations.
Our mortgage professionals can help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We achieve this by reviewing your debts and income, your employment and residence situations, your funds available for a down payment, required reserves, and other financial considerations. It's a short, thorough process with minimal risks for papercuts.
We'll award you a Pre-Qualification Letter if you qualify, that states that we're confident you can qualify for a certain amount of mortgage loan dollars.
When you locate the house that is right for you, and you decide to make an offer, being pre-qualified for a loan will do a couple of things. The first is that you'll be sure the amount you will be able to afford when determining your offer.
Even more important to the seller of the home, your pre-qualification gives them certainty - as if you had entered their home with a suitcase of cash to back up the offer! They will not need to be concerned that they have been wasting their time if you can't be able to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee to trust your ability to back up your offer.
We can help you pre-qualify
We will help you see how much of a mortgage you can afford, and how much money you can borrow, by taking you through pre-qualifying. During this process, we determine your borrowing potential - analyzing your job, available money for down payment, debts, income, and other areas. We as for a minimum amount of paperwork, and avoid a lengthy process.
You can always use the calculators available on this website to calculate the size mortgage you'll be able to afford - but it's also essential to talk with us. That way, we will help you get your pre-qualification letter. Next, we can consider your mortgage choices and make sure you have selected the best one. Let us help you get started: Contact us at 3032282254.
Have questions about pre-qualifying? Call us at 3032282254. It's our job to answer pre-qualification questions, so we're happy to help!