Why Is Getting Prequalified So Important?


Here Are The Top 3 Reasons  



 



1. FINANCE IS PERSONAL 

It's of obvious importance to figure out your objective buying power - It's equally important however, to figure out the combination of down payment, closing costs, monthly payment and remaining cash reserves that is personally comfortable for you and your family.  

These answers may not be the same. Getting clear on this distinction is one of the most important reasons to complete your pre-qualification.  


2. BUYING CLOUT 


Having both objective and personal comfort figures clarified - you are truly in the driver's seat. Confidently make offers and negotiate your next home purchase. 

For your Sellers - Eliminate their anxiety about entering into a contract that ends up stalling during underwriting.  Getting prequalified lets your sellers know you are serious, prepared and ready to close quickly. 



3. AVOID GETTING BLIND-SIDED

Did you Know? 

Having the right score does not necessarily mean your score is valid. Did you know that not all funds appearing in a bank account is usable? Nor is all the income presented. How about this fact -  Sometimes the very structure of the contract or the relationship between parties can drastically change the underwriting requirements of your mortgage application. 

  



     SCHEDULE A 15- MINUTE CALL WITH A LOAN OFFICER   





Start Your Mortgage Application 





Channel Mortgage LLC

Connecting the Dots to Home Ownership

55-25 69th Street 1st Floor
Maspeth, NY 11378-1806