The Importance of Pre-Qualifying
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Even if you haven't so much as researched homes to visit yet, it is important to visit with your mortgage professional first. Why? What can we do for you before you have negotiated a purchase amount, and don't know yet how much you want to borrow?
We Can Help You Pre-Qualify
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. During the process, we determine your borrowing potential - reviewing your earning status, money available for down payment, existing debt, income, and other areas. We will require a minimum amount of paperwork, and avoid a lengthy process.
When you are considered eligible, we will prove our confidence in your potential to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Some beneifits open to you when you find your dream house, and have achieved pre-qualification power. First of all, you have some concrete numbers in mind, as the amount you can borrow.
Of greater importance to the home seller, your pre-qualification is like your having entered their house with a bag full of cash to make the deal! They need not worry that they are wasting their time if you do not be able to qualify for a high enough mortgage. The seller won't wonder if he can count on you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to be concerned about. You will have the clout of a buyer ready to make the deal on the spot!
We help with your pre-qualification
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the size of loan you can qualify for. This process takes you through your finances - your debts, income, employment, down payment money, among other things. It's quick and basic; and we take pride in keeping the paperwork light.
One on one
While you can try our mortgage calculators on this website, it is essential to meet with one of our mortgage professional team members. We can work toward your pre-qualification letter. Then, we'll make sure we have the best mortgage loan program for your situation. We are waiting to meet with you: call us at (718) 639-9500.
Have questions about pre-qualifying? Call us at (718) 639-9500. We answer pre-qualification questions every day.