Why it's Important to Pre-Qualify
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It is valuable to consult with your mortgage loan professional as soon as possible — even before you've started to consider neighborhoods. Why? Perhaps it's difficult to fathom the ways we can help even before you begin to talk about prices and negotiations.
We can help you determine how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We will accomplish this by considering your income and debts, your employment and residence situations, your available funds for a down payment, required reserves, and some other things. It's short and basic; We take pride in keeping the paperwork to a minimum.
When you qualify, will present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), which documents the fact that we are partnering with you to find the ideal mortgage loan to fit your situation and that we're confident you will qualify for a loan up to a specific amount.
Various beneifits open to you after you've found your new house, and have achieved pre-qualification. The first is that you will know what you'll be able to afford when putting together the offer.
Being pre-qualified will also make your offer more attractive to the home seller, as if you were bringing them a suitcase of cash! They won't need to worry that that 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 of the home won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not cause them concern. They have a virtual guarantee that they can trust your buying power.
We will help you with your pre-qualification
We can 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. We can achieve this by considering your debts and income, your employment and residence circumstances, the funds available for down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
It's important to sit down and meet with us, even though you are free to also utilize the helpful mortgage calculator tools on our website. We can walk you through your pre-qualification letter. Then, we can make sure we have selected the ideal mortgage loan program for you. Let us get you started: Call us at 2603382561.
Have questions about pre-qualifying? Call us at 2603382561. VSI Home Lending answers pre-qualifying questions every day.