Why it's Important to Pre-Qualify
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It is valuable to see a mortgage professional first, even before you've determined the sort of house you hope to find. Why? If you do not know yet how much house you want to qualify for, what can we do for you?
When we pre-qualify you, we help you decide the amount in mortgage payments you can afford, and the loan amount you can qualify for. The process outlines your finances - your debts, income, employment, and down payment money, among other things. It's short and to the point; We take pride in keeping the paperwork to a minimum.
Once you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are helping you to find the right mortgage to fit your needs and that we are confident you will qualify for a mortgage for a specific amount.
With your pre-qualification letter, several advantages are yours once you find the home you want to put together an offer for. First, it lets you know how much you're able to offer.
Even more important to the present owner, your pre-qualification letter gives them confidence - as if you'd entered their house with a big box of cash to back up the offer! They will not have to wonder if that they are wasting their time if you won't be able to be able to qualify for a big enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. They have a virtual guarantee to trust your buying power.
We will help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly payments you can fit in your budget, and the loan amount you will qualify for. We can accomplish this by reviewing your income and debts, your work and residence situations, your funds available for a down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.
Face to Face
While you are able to use our tools to calculate mortgage variables on our site, it will be essential to sit down and talk with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! For another thing, we could locate a different mortgage loan option that better fits your needs. Let us get you started: Call us at 561-373-4149.
Have questions about pre-qualifying? Call us at 561-373-4149. It's our job to answer pre-qualification questions, so we're happy to help!