The Importance of Pre-Qualification

	Shopping for a mortgage? We'll be glad to talk about our mortgage offerings! Call us at 7202537070. Ready to get started? Apply Now.

Even if you haven't so much as narrowed down houses to view yet, it can be important to see your mortgage loan professional early. Why? How can we help you before you have made an offer, and do not yet know how much you need to borrow?

We Will Help You Pre-Qualify

When we pre-qualify you, we help you figure out how much of a monthly payment you can fit in your budget, and how much we of a loan you can qualify for. We do this by analyzing your income and debts, your employment and housing circumstances, the funds available for a down payment, required reserves, and other financial considerations. We will require a minimum amount of paperwork, with a short,basic process.

When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), that documents the fact that we are working with you to find the right mortgage loan program to fit your needs and that we're confident you will qualify for a loan for a specific amount.

Power in the Pre-Qual

With your pre-qualification letter, several advantages fall at your feet at the point you locate the home you want to make an offer on. First, it lets you know how much you are able to offer. Being pre-qualified also will make your offer look even better to the home seller, as if you were bringing them a suitcase of cash! They will not have to worry that that they have been wasting their time if you do not have the ability to qualify for a big enough mortgage. The seller of the home 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 the necessary mortgage loan amount will not be something for them to worry about. You have the sway of a buyer ready to make the purchase on the spot!

We will help you with your pre-qualification

We can help you see how much of a mortgage you can afford, and the amount of money you can borrow, by taking you through the pre-qualification process. We will accomplish this by considering your income and debts, your employment and residence circumstances, your funds available for down payment, required reserves, and other financial considerations. It's a quick, thorough process with minimal risks for papercuts.

One-on-One

You can certainly use the mortgage calculators on our website to get an idea of how much mortgage you'll be able to afford - but it's also important to meet with us. For one thing, you'll want a Pre-Qualification Letter! Then, we'll make sure we have the ideal mortgage loan program for your situation. We are eager to hear from you: contact us at 7202537070.

Have questions about pre-qualifying? Call us at 7202537070. It's our job to answer pre-qualification questions, so we're happy to help!