The Importance of Pre-Qualification
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Even if you have not so much as narrowed down houses to view yet, it's important to contact your mortgage pro first. Why? When you don't yet know how much house you want to qualify for, how could we help?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you find out the amount in mortgage payments you can afford, and how much we of a loan you can qualify for. We do this by reviewing your debts and income, your work and residence circumstances, your available funds for a down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, with a short,basic process.
After you qualify, will present to you a Pre-Qualification Letter (your real estate agent might refer to it as a "pre-qual"), which says that we are helping you to find the ideal mortgage loan program to fit your situation and that we're confident you'll qualify for a loan for a specific amount.
Power in the Pre-Qual
Armed with your pre-qualification letter, a number of advantages fall at your feet once you locate the home you want to put together an offer for. First, it helps you know how much you're able to offer.
Of greater importance to the seller, your pre-qualification is like your having walked into their house with a bag full of cash ready to make the deal! They will not need to wonder if that they are wasting their time if you don't be able to qualify for a high enough mortgage. The seller of the home won't worry if he can trust you to qualify for your mortgage in the amount you'll need.Your qualifying for the necessary mortgage loan amount will not be something for them to worry about. You can have the clout of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
Our mortgage professionals will help you find out how much of a loan you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. We achieve this by analyzing your debts and income, your employment and housing circumstances, the available funds for down payment, required reserves, and other considerations. We will require a minimum amount of paperwork, and avoid a lengthy process.
Face to Face
While you are encouraged to try our mortgage calculators on our site, it is essential to sit down and talk with one of our mortgage professional team members. That way, we'll be able to help you get your pre-qualification letter. For another thing, we may locate a different mortgage loan option that fits your needs better. Contact us at (718) 639-9500 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (718) 639-9500. We answer pre-qualification questions every day.