The Importance of Pre-Qualifying
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Even if you have not picked out homes to view yet, it can be important to contact your mortgage professional early. What for? When you do not yet know how much home you need to qualify for, what could we help you with?
We Will Help You Pre-Qualify
We will help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. We will accomplish this by considering your debts and income, your employment and housing situations, your funds available for down payment, required reserves, and other financial considerations. It's short and to the point; We take pride in keeping the paperwork light.
After you qualify, we present to you what's called a Pre-Qualification Letter (your real estate agent may call it a "pre-qual"), that says that we are working with you to find the ideal mortgage loan program to meet your needs and that we're confident you will qualify for a mortgage up to a specific amount.
Armed with your pre-qualification letter, several advantages are yours when you locate the house you want to make an offer on. The first is that you'll be sure what you will be able to afford when putting together the offer. Being pre-qualified can also make your offer more attractive to the home seller, like you were bringing them a suitcase full of cash! They will not have to 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 wonder if he can trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. They have a virtual guarantee that they can trust your buying power.
We can help you pre-qualify
When we pre-qualify you, we help you decide how much of a monthly mortgage payment you can afford, and the loan amount you will qualify for. The process outlines your finances - your debt, income, job, down payment money, among other things. It's quick and basic; and we keep the paperwork to a minimum.
One on one
While you are encouraged to benefit from our mortgage calculators on this site, it's essential to sit down and talk with us. That way, we'll be able to help you get your pre-qualification letter. Then, we will make sure we have the right mortgage program for your situation. We are waiting to meet with you: call us at 954-486-6000.