The Importance of Pre-Qualification

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It's helpful to see a mortgage loan pro first, even if you haven't decided the sort of house you hope to find. Why? Perhaps it is hard to fathom the way we could help even before you start to negotiate.

Pre-Qualify

We can help you see how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through the pre-qualification process. We will accomplish this by analyzing your debts and income, your work and housing situations, the funds available for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, with a short,basic process.

At the point you are determined to be eligible, we prove our confidence in your potential to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").

Power in the Pre-Qual

When you find a house that is ideal for you, and you decide to put together an offer, being pre-qualified for a mortgage loan will do a couple of things. The first is that you can know what you will be able to afford when calculating the offer. Even more important to the seller of the house, your pre-qualification gives them confidence - as if you had arrived at their home with a bag of cash to back up the offer! They need not be concerned 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 won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to worry about. They have a virtual guarantee to trust your ability to back up your offer.

We will help you with your pre-qualification

Our mortgage professionals can 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. During the process, we determine your ability to borrow - analyzing your employment, available money for down payment, existing debt, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.

One-on-One

While you are able to use our mortgage calculators on our site, it will be a good idea to meet with us. For one thing, you will need a Pre-Qualification Letter! Then, we'll make sure we have found the ideal mortgage loan program for your situation. Let us help you get started: Call us at 3032282254.

Have questions about pre-qualifying? Call us at 3032282254. We answer pre-qualification questions every day.