Why Pre-Qualification is Important
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It's important to see a mortgage professional early, even before you have decided what type of house to look for. What for? How can we help you before you have made your offer, and do not yet know the amount you need to borrow?
Our mortgage professionals can help you find out the loan amount you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We will accomplish this by reviewing your income and debts, your employment and residence situations, the available funds for a down payment, required reserves, and other considerations. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter if you qualify, which documents that we're confident you will qualify for up to a specific amount of mortgage dollars.
Power in the Pre-Qual
Armed with your pre-qualification letter, some advantages fall at your feet once you locate the home you want to make an offer for. First, you have some concrete numbers in mind, as the total you can borrow.
Having pre-qualification will also make your offer look even better to the seller, as if you were bringing them a big box of cash! They need not worry that that they are wasting their time if you will not have the ability to qualify for a high enough mortgage. 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 your needed mortgage loan amount will not cause them concern. You have the ability to back up your offer.
We will help you pre-qualify
We will help you determine how much of a loan you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. During the process, we calculate your ability to borrow - analyzing your employment, available money for down payment, debts, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.
While you can try our mortgage calculators on this website, it's a good idea to sit down and talk with us. We can work toward your pre-qualification letter. Then, we'll make sure we have the right mortgage program for your situation. Let us get you started: Call us at (321) 777-7277.
Have questions about pre-qualifying? Call us at (321) 777-7277. AmeriBest Mortgage answers pre-qualifying questions every day.