When to Talk to a Mortgage Pro About Pre-Qualification
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It's helpful to consult with your mortgage professional early — even before you have started to research neighborhoods. What for? When you don't yet know how much home you want to qualify for, how can we help?
Our mortgage professionals can help you find out how much of a loan you can qualify for and the monthly payment amount you are able to afford by getting you pre-qualified. We will accomplish this by analyzing your income and debts, your work and residence circumstances, your available funds for a down payment, required reserves, and some other things. We will require a minimum amount of paperwork, and avoid a lengthy process.
We give you a Pre-Qualification Letter when you qualify, that documents that we're confident you'll qualify for up to a certain amount of mortgage dollars.
With your pre-qualification letter, a number of advantages fall at your feet when you find the house you want to make an offer for. First of all, you have some concrete numbers in mind, as the total you will qualify for on your mortgage.
Even more important to the seller of the house, your pre-qualification gives them confidence - as if you'd arrived at their house with a suitcase of cash to back up the offer! They will not have to be concerned that they're 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 worry if he can trust you to qualify for your loan.Your qualifying for the necessary loan amount won't cause them concern. You have the ability to back your offer up.
We will help you with your pre-qualification
We can help you determine how much of a loan you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. We will do this by considering your debts and income, your work and residence situations, your funds available for a down payment, required reserves, and some other things. We require a minimum amount of paperwork, and avoid a lengthy process.
While you are encouraged to benefit from our mortgage calculators on this site, it is a good idea to meet with one of our mortgage professional team members. For one thing, you will want a Pre-Qualification Letter! For another thing, we might be able to find a different mortgage loan option that fits your goals better. We are eager to meet with you: contact us at (718) 639-9500.
Have questions about pre-qualifying? Call us at (718) 639-9500. We answer pre-qualification questions every day.