The Importance of Pre-Qualifying
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It's valuable to bring in your mortgage professional as soon as possible — even before you have begun researching neighborhoods. What for? What can we do for you before you have negotiated a purchase amount, and don't know yet the amount you need to borrow?
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. We achieve this by considering your debts and income, your employment and housing circumstances, the funds available for down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
When you are determined to be eligible, we will prove our confidence in your capacity 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 when you find the home you want to make an offer for. First, it helps you know how much you are able to offer.
Even more important to the seller of the home, your pre-qualification status gives them certainty - as if you'd arrived at their house with a big box of cash to back up the offer! They will not need to be concerned they're wasting their time if you don't be able to qualify for a high enough mortgage. The seller won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not be something for them to worry about. You have the capability to back your offer up.
We help with your pre-qualification
Our mortgage professionals can help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. The process outlines your current financial situation - your debts, income, employment, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
One on one
While you are able to benefit from our tools to calculate mortgage variables on our website, it's a good idea to meet with us. That way, we can help you get your pre-qualification letter. Next, we can consider your loan options to be sure you are in the right one. Let us get you started: Contact us at (321) 777-7277.
Have questions about pre-qualifying? Call us at (321) 777-7277. AmeriBest Mortgage answers pre-qualifying questions every day.