Why Pre-Qualification is Important
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It's valuable to see a mortgage professional early, even before you've decided what sort of home you hope to find. Why? If you do not yet know how much house you want to qualify for, what can we help you with?
We will help you calculate the loan amount you can qualify for and the mortgage payment amount you are able to afford by helping you pre-qualify. We achieve this by considering your income and debts, your work and residence circumstances, the available funds for down payment, required reserves, and other considerations. It's a quick, thorough process with minimal risks for papercuts.
We award you a Pre-Qualification Letter if you qualify, which states that we're confident you will qualify for up to a predetermined amount of mortgage loan dollars.
Several beneifits open to you when you find your dream house, and have achieved pre-qualification. First, you have some concrete numbers in mind, as the amount you will be able to borrow.
Even more important to the seller, your pre-qualification gives them certainty - as if you'd arrived at their home with a suitcase of cash to back up the offer! They won't need to be concerned that they have been wasting their time if you do not have the ability to qualify for a high enough mortgage. The seller of the home won't worry if he can trust you to qualify for your loan.Your qualifying for your needed loan amount won't cause them concern. They have a virtual guarantee that they can trust your ability to back up your offer.
We can help you pre-qualify
We will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. During the process, we determine your borrowing power - looking at your employment, money available for down payment, existing debt, income, and other circumstances. We require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It is important for you to sit down and talk with us, even though you are welcome to also try the helpful mortgage loan calculators on our website. For one thing, you will want a Pre-Qualification Letter! For another thing, we may locate a different mortgage choice that is a better fit for you. We are eager to hear from you: call us at 561-373-4149.
Have questions about pre-qualifying? Call us at 561-373-4149. We answer pre-qualification questions every day.