When to Talk to Your Mortgage Professional About Pre-Qualifying
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It can be helpful to see a mortgage loan pro early, even before you have decided the sort of house to look for. What for? If you don't know yet how much house you want to qualify for, what could we help you with?
When we pre-qualify you, we help you figure out how much of a monthly payment you can afford, and how much we of a loan you will qualify for. The process outlines your finances - your debts, income, employment, and cash available for down payment, among other things. It's short and to the point; We keep the paperwork to a minimum.
When you are determined to be eligible, we document our confidence in your ability to qualify for a mortgage loan by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
With your pre-qualification letter, several advantages fall at your feet at the point you locate the home you want to make an offer on. The first is that you'll know the amount you'll be able to afford when putting together your offer.
Being pre-qualified will also make your offer more attractive to the home seller, as if you were bringing them a bag full of cash! They will not need to be concerned that they are wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not be something for them to lose sleep over. You will have the sway of a buyer ready to make the purchase right now!
We will help you pre-qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. During the process, we calculate your capacity to borrow - reviewing your earning status, available money for down payment, existing debt, income, and other circumstances. It is a quick, thorough process with minimal risks for papercuts.
Face to Face
While you are encouraged to try our tools to calculate mortgage variables on our website, it's a good idea to sit down and talk with one of our mortgage professional team members. We can work toward your pre-qualification letter. Next, we can study your mortgage program choices and make sure you are in the right one. Contact us at (321) 777-7277 to get started.
Have questions about pre-qualifying? Call us at (321) 777-7277. We answer pre-qualification questions every day.