The Importance of Pre-Qualifying
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It can be important to see a mortgage professional first, even before you have determined the sort of house to look for. Why? When you don't know yet how much home you need to qualify for, what can we do for you?
When we pre-qualify you, we help you figure out the amount in mortgage payments you can afford, and the size of loan you can qualify for. In this process, we determine your borrowing capacity - analyzing your employment, available money for down payment, debt, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.
We will give you a Pre-Qualification Letter once you qualify, that documents that we're confident you'll qualify for a certain amount of mortgage dollars.
Some advantages open to you when you find your next house, and have pre-qualification power. The first is that you will be sure what you can afford when putting together the offer.
Being pre-qualified can also make your offer look even better to the home seller, like you were bringing them a bag full of cash! They need not worry that that they are wasting their time if you don't have the ability to qualify for a big enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your mortgage in the amount you'll need.Your qualifying for your needed mortgage loan amount won't be something for them to fret over. You will have the clout of a buyer ready to make the purchase right now!
We will help you pre-qualify
We will help determine how much of a mortgage loan you can afford, and the amount of money you will be able to borrow, by taking you through the pre-qualification process. In this process, we calculate your ability to borrow - looking at your job, money available for down payment, debts, income, and other areas. We will ask for a minimum amount of paperwork, with a quick process.
You can certainly use the calculators on our website to get an idea of how much mortgage you'll be able to afford - but it's also essential to meet with us. We can begin working on your pre-qualification letter. Next, we can study your mortgage program choices to make sure you are in the right one. Contact us at 561-373-4149 to get your pre-qualification process started.
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!