Why it's Important to Pre-Qualify
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It's helpful to consult your mortgage loan professional as soon as possible — even before you have begun narrowing down neighborhoods. What for? It may be hard to fathom the ways we could help even before you start to calculate your offer.
We will help determine how much of a mortgage loan you can afford, and how much money you will be able to borrow, by taking you through pre-qualifying. The process outlines your financial situation - your debt, income, job, and down payment money, among other things. It is a short, thorough process with minimal risks for papercuts.
We will award you a Pre-Qualification Letter when you qualify, which says that we are confident you'll qualify for a predetermined amount of mortgage dollars.
Power in the Pre-Qual
Holding your pre-qualification letter, some advantages are yours when you find the home you want to make an offer for. The first is that you'll know what you will be able to afford when calculating your offer.
Being pre-qualified will also make your offer look even better to the home seller, as if you were bringing them a suitcase full of cash! They won't need to wonder if that they're wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't wonder if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We help with your pre-qualification
We will help you calculate how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. This process outlines your current financial situation - your debts, income, employment, cash available for down payment, among other things. It's short and basic; and we take pride in keeping the paperwork to a minimum.
It's important for you to sit down and meet with us, even though you are free to also use the helpful mortgage calculators on this site. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have the best mortgage program for you. Let us get you started: 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!