The Importance of Pre-Qualification
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Even if you have not picked out homes to view yet, it is important to contact your mortgage professional early. What for? What can we do for you before you have negotiated a price, and do not yet know the amount you need to borrow?
We Can Help You Pre-Qualify
We will help you calculate how much of a mortgage you can afford, and the amount of money you can borrow, by walking you through the pre-qualification process. In the process, we calculate your capacity to borrow - analyzing your employment, available money for down payment, debt, income, and other circumstances. It's a short, thorough process with minimal risks for papercuts.
When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which documents the fact that we are helping you to find the ideal mortgage loan to fit your needs and that we are confident you'll qualify for a mortgage loan for a specific amount.
Holding your pre-qualification letter, some advantages fall at your feet at the point you locate the home you want to put together an offer for. The first is that you'll know the amount you can afford when putting together your offer.
Being pre-qualified also will make your offer more attractive to the home seller, as if you were bringing them a suitcase full of cash! They won't need to wonder if that they're wasting their time if you won't be able to be able to qualify for a high enough mortgage loan. The seller won't wonder if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary mortgage loan amount will not be something for them to lose sleep over. You will have the sway of a buyer ready to make the purchase right now!
We can help you pre-qualify
When we pre-qualify you, we help you figure out how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. This process outlines your finances - your debt, income, job, cash available for down payment, among other things. We as for a minimum amount of paperwork, with a quick process.
Face to Face
It is important to sit down and meet with us, even though you are free to also use the helpful mortgage calculators on our website. For one thing, you will need a Pre-Qualification Letter! Next, we can review your mortgage loan options and make sure you are in the right one. Contact us at (478) 746-2063 to get started.
Have questions about pre-qualifying? Call us at (478) 746-2063. We answer pre-qualification questions every day.