When to Talk to Your Mortgage Professional
In the market for a mortgage loan? We'll be glad to discuss our many mortgage solutions! Call us at (718) 639-9500. Ready to get started? Apply Now.
It is important to consult your mortgage loan professional early — even before you've started to consider neighborhoods. What for? How can we help before you have made your offer, and do not know yet the amount you need to borrow?
We Will Help You Pre-Qualify
We can help you see how much of a mortgage you can afford, and how much money you can borrow, by walking you through pre-qualifying. We will do this by considering your income and debts, your employment and residence circumstances, the funds available for down payment, required reserves, and some other things. It's a quick, thorough process with minimal risks for papercuts.
When you qualify, will present to you a Pre-Qualification Letter (your real estate agent may refer to it as a "pre-qual"), which says that we are helping you to find the right mortgage to fit your financial needs and that we are confident you'll qualify for a mortgage loan up to a specific amount.
Power in the Pre-Qual
After you find a house that is ideal for you, and you decide to make an offer, being pre-qualified for a mortgage will do a number of things. First, it lets you know how much you can offer.
More important to the existing home owner, your being pre-qualified is like your having entered their house with a bag full of cash to purchase their house! They won't need to wonder if they're wasting their time if you can't have the ability to qualify for a high enough mortgage. The seller of the home won't worry if he can count on you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount will not be something for them to lose sleep over. You have the ability to back your offer up.
We help with your pre-qualification
When we pre-qualify you, we help you determine the amount you can afford in monthly mortgage payments you can fit in your budget, and the loan amount you will qualify for. This process outlines your finances - your debt, income, job, down payment money, among other things. It's a short, thorough process with minimal risks for papercuts.
Face to Face
While you are able to try our tools to calculate mortgage variables on this website, it's essential to sit down and talk with one of our mortgage professional team members. We can begin working on your pre-qualification letter. Next, we can review your mortgage program options to be sure you have selected the right one. Contact us at (718) 639-9500 to get your pre-qualification process started.
Have questions about pre-qualifying? Call us at (718) 639-9500. It's our job to answer pre-qualification questions, so we're happy to help!