The Importance of Pre-Qualifying
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In the market for a new mortgage loan? We will be glad to help! Give us a call today at 3217777277. Ready to get started? Apply Here.
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It's helpful to consult with your mortgage professional early — even before you have started to research neighborhoods. What for? How can we help you before you have made your offer, and do not know yet the amount you want to borrow?
We Will Help You Pre-Qualify
We can help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. This process outlines your financial situation - your debt, income, job, and down payment money, among other things. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Once you are determined to be eligible, we prove our confidence in your ability to qualify for a loan by presenting you with a Pre-Qualification Letter (also known as a "pre-qual").
Power in the Pre-Qual
With your pre-qualification letter, some advantages are yours once you locate the home you want to make an offer for. The first is that you will know what you will be able to afford when determining your offer.
Even more important to the seller, your pre-qualification status gives them certainty - as if you had entered their house with a suitcase of cash to make the offer! They won't have to be concerned they are wasting their time if you will not be able to qualify for a big enough mortgage. The seller of the home won't be concerned that he can't count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't be something for them to be concerned about. You have the clout of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
Our mortgage professionals will help you determine how much of a loan you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. During this process, we explore your borrowing power - reviewing your employment, money available for down payment, debts, income, and other areas. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
You can certainly use the mortgage calculators here on our website to get an idea of how much mortgage you'll be able to afford - but it's also valuable to meet with one of our mortgage professionals. For one thing, you will want a Pre-Qualification Letter! For another thing, we may find a different mortgage option that fits your goals better. We're waiting to meet with you: call us at 3217777277.
Have questions about pre-qualifying? Call us at 3217777277. It's our job to answer pre-qualification questions, so we're happy to help!