Why Pre-Qualification is Important
Are you looking for a mortgage loan? We'll be glad to talk about your mortgage needs! Call us at (718) 639-9500. Want to get started? Apply Here.
It's valuable to bring in your mortgage loan professional as soon as possible — even before you have begun researching neighborhoods. Why? It may be hard to understand the ways we could help even before you begin to negotiate.
We Will 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. The process takes you through your finances - your debts, income, career, and down payment money, among other things. It's quick and to the point; We keep the paperwork light.
Once you qualify, we give you a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), which states that we are working with you to find the ideal loan program to meet your situation and that we're confident you will qualify for a loan up to a specific amount.
After you locate a house that meets your needs, and you decide to put together an offer, being pre-qualified for a mortgage loan will do several things. The first is that you can know what you'll be able to afford when calculating the offer.
Having pre-qualification also will make your offer more attractive to the seller, as if you were bringing them a suitcase of cash! They won't need to wonder if they're wasting their time if you will not be able to qualify for a high enough mortgage loan. The seller of the home won't be concerned that he can't count on you to qualify for your mortgage in the amount you will need.Your qualifying for the necessary loan amount won't cause them concern. You will have the sway of a buyer ready to make the purchase right now!
We will help you with your pre-qualification
Our mortgage professionals will help you determine the loan amount you can qualify for and the monthly mortgage payment amount you can afford by helping you pre-qualify. This process walks you through your finances - your debt, income, career, cash available for down payment, among other things. It's a quick, thorough process with minimal risks for papercuts.
While you are encouraged to try our tools to calculate mortgage variables on our site, it's essential to sit down and talk with us. For one thing, you'll need a Pre-Qualification Letter! Then, we'll make sure we have the best mortgage loan program for you. Contact us at (718) 639-9500 to get started.
Have questions about pre-qualifying? Call us at (718) 639-9500. We answer pre-qualification questions every day.