Why Pre-Qualification is Important
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Even if you've not picked out homes to view yet, it can be valuable to contact your mortgage professional early. What for? How can we help you if you haven't made your offer, and do not yet know the amount you need to borrow?
We Will Help You Pre-Qualify
We can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We do this by considering your income and debts, your work and housing situations, your funds available for a down payment, required reserves, and some other things. It's quick and to the point; We take pride in keeping the paperwork to a minimum.
When you are considered eligible, we document our confidence in your capacity to qualify for a loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Various advantages open to you after you've found your dream house, and have achieved pre-qualification power. The first is that you will know the amount you'll be able to afford when calculating your offer.
Being pre-qualified also will make your offer look even better to the home seller, like you were bringing them a suitcase of cash! They won't need to be concerned that they have been wasting their time if you will not have the ability to qualify for a big enough mortgage loan. The seller won't wonder if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You can have the sway of a buyer ready to make the deal right now!
We will help you with your pre-qualification
When we pre-qualify you, we help you find out the amount you can afford in mortgage payments you can afford, and the loan amount you can qualify for. We accomplish this by analyzing your income and debts, your employment and residence circumstances, your available funds for a down payment, required reserves, and other financial considerations. We require a minimum amount of paperwork, with a short, basic process.
Face to Face
It's vital for you to sit down and talk with us, even though you are free to also use the helpful mortgage loan calculator tools on this website. That way, we will help you get your pre-qualification letter. For another thing, we may find a different mortgage program that fits your goals better. Let us help you get started: Call us at 7072522700.
Have questions about pre-qualifying? Call us at 7072522700. Custom Lending Group answers pre-qualifying questions every day.