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It is important to visit with a mortgage loan pro early, even before you've decided the kind of home to search for. Why? Maybe it's hard to understand the ways we could help even before you start to talk about prices and negotiations.
We Will Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. This process outlines your finances - your debts, income, job, and cash available for down payment, among other things. It's quick and to the point; We keep the paperwork to a minimum.
Once you qualify, we present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are working with you to find the best mortgage loan program to fit your financial needs and that we're confident you'll qualify for a mortgage loan up to a certain amount.
Holding your pre-qualification letter, a number of advantages are yours when you find the house you want to make an offer for. The first is that you will know the amount you will be able to afford when calculating the offer.
Even more important to the seller of the house, your pre-qualification letter gives them confidence - as if you had entered their home with a suitcase of cash to make the offer! They need not wonder if that they're wasting their time if you do not be able to qualify for a big enough mortgage. The seller 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 your needed loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
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 debt, income, career, cash available for down payment, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
One on one
While you are encouraged to use our mortgage calculators on this website, it's a good idea to meet with us. For one thing, you'll need a Pre-Qualification Letter! Then, we will make sure we have the right mortgage loan program for your situation. Let us help you get started: Call us at 7072522700.
Have questions about pre-qualifying? Call us at 7072522700. It's our job to answer pre-qualification questions, so we're happy to help!