When to Speak to Your Mortgage Professional
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In the market for a mortgage loan? We will be glad to assist you! Call us at 7072522700. Want to get started? Apply Here.
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It is valuable to visit with a mortgage loan pro early, even if you haven't settled on what sort of home you hope to find. What for? When you don't know yet how much home you need to qualify for, how can we help?
We Can Help You Pre-Qualify
We can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. During this process, we determine your borrowing power - analyzing your earning status, available money for down payment, debt, income, and other circumstances. We will require a minimum amount of paperwork, with a quick process.
When you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which documents the fact that we are partnering with you to find the best loan to fit your needs and that we're confident you will qualify for a loan up to a specific amount.
Pre-Qual Power
Armed with your pre-qualification letter, some advantages fall at your feet when you find the house you want to put together an offer on. First, you have some definite numbers in mind, as the total you will qualify for on your mortgage.
Even more important to the seller, your pre-qualification letter gives them confidence - as if you'd entered their house with a suitcase of cash to make the offer! They will not need to be concerned they are wasting their time if you will not be able to qualify for a high enough mortgage loan. The seller won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount won't be something for them to worry about. They have a virtual guarantee that they can trust your buying power.
We help with your pre-qualification
We will help you calculate how much of a mortgage you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. We can accomplish this by reviewing your income and debts, your employment and housing situations, the funds available for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
One on one
You can certainly use the calculators on this site to get an idea of how much mortgage you'll be able to afford - but it's also valuable to talk with us. We can walk you through your pre-qualification letter. Then, we will make sure we have selected the best mortgage program for your situation. We're waiting to hear from you: contact us at 7072522700.
Have questions about pre-qualifying? Call us at 7072522700. We answer pre-qualification questions every day.