Why Pre-Qualification is Important
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It can be important to see a mortgage professional early, even before you've determined what type of home you hope to find. What for? It might be difficult to understand how we could help even before you begin to talk about prices and negotiations.
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly payments you can afford, and the loan amount you can qualify for. In this process, we calculate your borrowing capacity - looking at your employment, available money for down payment, debts, income, and other circumstances. It is a short, thorough process with minimal risks for papercuts.
After you qualify, will give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that documents the fact that we are helping you to find the right mortgage to fit your situation and that we are confident you'll qualify for a loan for a specific amount.
Power in the Pre-Qual
Holding your pre-qualification letter, some advantages fall at your feet once you locate the home you want to make an offer on. First, you have some definite numbers in mind, as the total you will be able to borrow.
Having pre-qualification will also make your offer more attractive to the seller, like you were bringing them a big box of cash! They won't have to worry that they are wasting their time if you don't be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. You have the capability to back your offer up.
We can help you pre-qualify
We will help you see how much of a mortgage you can afford, and the amount of money you may be able to borrow, by walking you through pre-qualifying. We accomplish this by analyzing your income and debts, your employment and housing situations, your available funds for a down payment, required reserves, and some other things. It is a short, thorough process with minimal risks for papercuts.
Face to Face
You can certainly use the mortgage calculators here on our website to get an idea of how much mortgage you will be able to afford - but it's also essential to talk with us. For one thing, you will want a Pre-Qualification Letter! Then, we will make sure we have found the ideal mortgage loan program for your situation. Contact us at (321) 777-7277 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (321) 777-7277. It's our job to answer pre-qualification questions, so we're happy to help!