Why Pre-Qualification is Important
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It's helpful to see a mortgage professional first, even if you haven't settled on the kind of house you hope to find. Why? How can we help if you have not negotiated a price, and don't yet know the amount you want to borrow?
We Will Help You Pre-Qualify
We will help you calculate how much of a mortgage loan you can afford, and how much money you may be able to borrow, by taking you through pre-qualifying. In the process, we look at your ability to borrow - analyzing your earning status, available money for down payment, existing debt, income, and other areas. It's short and to the point; We keep the paperwork light.
When you are considered eligible, we document our confidence in your potential to qualify for a mortgage by awarding you a Pre-Qualification Letter (also called a "pre-qual").
Holding your pre-qualification letter, some advantages are yours once you find the house you want to make an offer on. The first is that you can be sure what you will be able to afford when putting together the offer.
Even more important to the seller of the home, your pre-qualification gives them confidence - as if you'd come into their home with a big box of cash to make the offer! They will not need to be concerned 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 won't wonder if he can count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not 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 can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. This process outlines your financial situation - your debts, income, employment, cash available for down payment, among other things. We will ask for a minimum amount of paperwork, with a quick process.
While you are able to try our tools to calculate mortgage variables on our website, it is a good idea to meet with one of our mortgage professional team members. That way, we'll help you get your pre-qualification letter. For another thing, we could locate a different mortgage loan option that better fits your needs. Let us get you started: Contact us at 7202537070.
Have questions about pre-qualifying? Call us at 7202537070. We answer pre-qualification questions every day.