When to Talk to a Mortgage Pro About Pre-Qualification
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It is valuable to visit with a mortgage professional first, even before you've determined what sort of house to look for. What for? How can we help you if you haven't made an offer, and don't know yet how much you want to borrow?
We Will Help You Pre-Qualify
When we pre-qualify you, we help you decide how much of a monthly payment you can afford, and the loan amount you will qualify for. We will achieve this by considering your debts and income, your employment and residence situations, the available funds for a down payment, required reserves, and some other things. It's short and to the point; We keep the paperwork to a minimum.
We'll award you a Pre-Qualification Letter if you qualify, which says that we are confident you'll qualify for a specific amount of mortgage loan dollars.
Power in the Pre-Qual
Some beneifits open to you once you have found your next house, and have pre-qualification power. The first is that you'll know the amount you'll be able to afford when putting together the offer.
Even more important to the seller of the house, your pre-qualification status gives them confidence - as if you'd entered their home with a suitcase of cash to make the offer! They need not be concerned they're wasting their time if you don't be able to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We will help you pre-qualify
We will help you find out the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. During this process, we explore your ability to borrow - reviewing your earning status, money available for down payment, debt, income, and other areas. It's quick and to the point; and we take pride in keeping the paperwork light.
One on one
You can certainly use the calculators here on this site to calculate the size mortgage you'll be able to afford - but it's also valuable to meet with us. For one thing, you'll need a Pre-Qualification Letter! For another thing, we may find a different mortgage loan option that is a better fit for you. Let us help you get started: Call us at 5613734149.
Have questions about pre-qualifying? Call us at 5613734149. It's our job to answer pre-qualification questions, so we're happy to help!