Why Pre-Qualification is Important
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It is valuable to visit with a mortgage loan pro first, even before you have determined what sort of home to look for. Why? When you do not yet know how much house you need to qualify for, how can we help?
When we pre-qualify you, we help you find out the amount in monthly payments you can fit in your budget, and how much we of a loan you will qualify for. This process leads you through your finances - your debts, income, job, and cash available for down payment, among other things. It is a short, thorough process with minimal risks for papercuts.
We give you a Pre-Qualification Letter if you qualify, that states that we're confident you'll qualify for a specific amount of mortgage loan dollars.
With your pre-qualification letter, a number of advantages fall at your feet once you find the home you want to put together an offer on. First, it lets you know the amount that you're able to offer.
Of greater importance to the home seller, your pre-qualification is like your having entered their house with a bag full of money ready to purchase the home! They will not need to be concerned that they have been wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller won't be concerned that he won't be able to count on you to qualify for your loan.Your qualifying for your needed mortgage loan amount will not cause them concern. You have the ability to back your offer up.
We will help you pre-qualify
Our mortgage professionals will help you determine the loan amount you can qualify for and the mortgage payment amount you are able to afford by getting you pre-qualified. In this process, we look at your borrowing potential - analyzing your earning status, available money for down payment, existing debt, income, and other circumstances. It's quick and to the point; and we take pride in keeping the paperwork to a minimum.
Face to Face
It's important for you to sit down and talk with us, even though you are free to also try the helpful mortgage loan calculators on our website. For one thing, you'll need a Pre-Qualification Letter! Next, we can review your mortgage choices to make sure you are in the right one. We are waiting to hear from you: contact us at 6507631924.
Have questions about pre-qualifying? Call us at 6507631924. We answer pre-qualification questions every day.