Why Pre-Qualification is Important


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It is helpful to see a mortgage loan pro early, even before you have decided the kind of house to look for. Why? When you don't yet know how much home you need to qualify for, how could we help?

Pre-Qualify

We can help determine how much of a mortgage loan you can afford, and how much money you may be able to borrow, by walking you through pre-qualifying. The process outlines your financial situation - your debt, income, job, and cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a quick process.

After you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that says that we are helping you to find the right mortgage loan to meet your financial needs and that we are confident you will qualify for a mortgage loan up to a specific amount.

Pre-Qual Power

Armed with your pre-qualification letter, some advantages are yours when you locate the home you want to make an offer on. The first is that you will be sure the amount you'll be able to afford when calculating the offer. Even more important to the seller, your pre-qualification gives them confidence - as if you'd come to their house with a suitcase of cash to make the offer! They need not be concerned that they have been wasting their time if you don't have the ability to qualify for a high enough mortgage loan. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed mortgage loan amount won't be something for them to lose sleep over. You have the capability to back your offer up.

We can help you pre-qualify

When we pre-qualify you, we help you figure out the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you can qualify for. During the process, we determine your borrowing capacity - reviewing your employment, available money for down payment, existing debt, income, and other areas. We will ask for a minimum amount of paperwork, with a quick process.

One-on-One

While you are able to benefit from our tools to calculate mortgage variables on this website, it's essential to sit down and talk with one of our mortgage professional team members. For one thing, you will need a Pre-Qualification Letter! Then, we can make sure we have the ideal mortgage loan program for you. Contact us at 5613734149 to get started.