The Importance of Pre-Qualification
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It is helpful to visit with a mortgage loan pro first, even before you have determined what type of home you hope to find. What for? When you do not yet know how much house you need to qualify for, what can we help you with?
We Will Help You Pre-Qualify
Our mortgage professionals can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by getting you pre-qualified. During the process, we explore your borrowing capacity - analyzing your job, money available for down payment, debts, income, and other areas. It is a short, thorough process with minimal risks for papercuts.
After you are considered eligible, we prove our confidence in your ability to qualify for a loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Various beneifits open to you once you've found your new house, and have pre-qualification. The first is that you will know the amount you can afford when putting together the offer.
More important to the current home owner, your pre-qualification is like your having entered their house with a suitcase full of cash ready to purchase the home! They need not be concerned they are wasting their time if you won't be able to have the ability to qualify for a big 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 loan amount will not cause them concern. You will have the clout of a buyer ready to make the deal right now!
We will help you pre-qualify
When we pre-qualify you, we help you decide the amount you can afford in monthly mortgage payments you can afford, and how much we of a loan you can qualify for. We will accomplish this by analyzing your debts and income, your employment and housing circumstances, your funds available for a down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It's important for you to sit down and meet with us, even though you are free to also try the helpful mortgage loan calculators on this site. We can walk you through your pre-qualification letter. For another thing, we may find a different mortgage choice that is a better fit for you. Contact us at 2603382561 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at 2603382561. It's our job to answer pre-qualification questions, so we're happy to help!