The Importance of Pre-Qualification
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It's helpful to bring in your mortgage loan professional as soon as possible — even before you've started researching neighborhoods. Why? Perhaps it's hard to understand how we can help even before you start to negotiate.
We Can Help You Pre-Qualify
Our mortgage professionals can 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. We do this by considering your debts and income, your employment and residence circumstances, your available funds for a down payment, required reserves, and other financial considerations. It's short and to the point; We take pride in keeping the paperwork to a minimum.
When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which says that we are helping you to find the ideal loan program to meet your needs and that we're confident you will qualify for a mortgage loan for up to a certain amount.
Holding your pre-qualification letter, some advantages fall at your feet when you locate the home you want to put together an offer on. The first is that you will know what you can afford when calculating the offer.
Having pre-qualification will also make your offer look even better to the home seller, like you were bringing them a big box of cash! They won't need to wonder if they are wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home 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 won't cause them concern. They have a virtual guarantee to trust your buying power.
We can help you pre-qualify
We will help you calculate how much of a loan you can qualify for and the monthly payment amount you are able to afford by helping you pre-qualify. During the process, we determine your capacity to borrow - analyzing your earning status, money available for down payment, debts, income, and other areas. It's quick and basic; and we keep the paperwork to a minimum.
One on one
You can certainly use the calculators here on our site to get an idea of how much mortgage you can afford - but it's also important to meet with one of our mortgage professionals. For one thing, you'll want a Pre-Qualification Letter! Then, we will make sure we have chosen the ideal mortgage loan program for you. Contact us at 4787462063 to get started.
Have questions about pre-qualifying? Call us at 4787462063. We answer pre-qualification questions every day.