Why Pre-Qualification is Important
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It is important to consult with your mortgage loan professional early — even before you have started to research neighborhoods. What for? When you don't know yet how much house you want to qualify for, how can we help?
We Can Help You Pre-Qualify
Our mortgage professionals will 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. We do this by analyzing your debts and income, your work and housing situations, your available funds for a down payment, required reserves, and other financial considerations. It's quick and basic; We keep the paperwork light.
After you are determined to be eligible, we prove our confidence in your potential to qualify for a mortgage loan by presenting you with a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
After you find the house that catches your eye, and you want to make an offer, being pre-qualified for a mortgage will do a number of things. First, it lets you know how much you can offer.
More important to the seller, your being pre-qualified is like your having entered their house with a suitcase full of money ready to purchase their home! They won't need to wonder if that they are wasting their time if you can't 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 count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to fret over. They have a virtual guarantee that they can trust your ability to back up your offer.
We help with your pre-qualification
When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and the loan amount you can qualify for. This process outlines your finances - your debts, income, career, cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
One on one
You can always use the mortgage calculators on this site to calculate how much mortgage you will be able to afford - but it's also valuable to talk with us. That way, we'll help you get your pre-qualification letter. For another thing, we might locate a different mortgage loan option that is a better fit for you. We are eager to hear from you: contact 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!