The Importance of Pre-Qualifying
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Even if you have not picked out houses to visit yet, it can be important to visit with your mortgage loan professional first. What for? Perhaps it's difficult to fathom the ways we could help even before you begin to calculate your offer.
Our mortgage professionals will help you determine the loan amount you can qualify for and the mortgage payment amount you can afford by helping you pre-qualify. The process outlines your finances - your debt, income, career, and cash available for down payment, among other things. It's a short, thorough process with minimal risks for papercuts.
When you qualify, will give you what's called a Pre-Qualification Letter (your real estate agent might call it a "pre-qual"), that says that we are partnering with you to find the right mortgage to meet your situation and that we are confident you will qualify for a mortgage for a certain amount.
After you locate the house that is right for you, and you decide to put together an offer, being pre-qualified for a loan will do a number of things. First, you have some concrete numbers in mind, as the total you can borrow.
Being pre-qualified also will make your offer more attractive to the home seller, as if you were bringing them a suitcase full of cash! They won't have to worry that they have been wasting their time if you do not be able to qualify for a big enough mortgage. The seller won't be concerned that he can't trust you to qualify for your loan.Your qualifying for your needed mortgage loan amount won't cause them concern. You have the ability to back your offer up.
We will help you with your pre-qualification
Our mortgage professionals can help you calculate the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by getting you pre-qualified. The process walks you through your finances - your debt, income, career, down payment money, among other things. It's short and to the point; and we take pride in keeping the paperwork to a minimum.
One on one
It is important to sit down and talk with us, even though you are free to also utilize the helpful mortgage loan calculators on our website. We can work toward your pre-qualification letter. Next, we can review your mortgage loan options to make sure you are in the right one. Let us get you started: Contact us at 7186399500.
Have questions about pre-qualifying? Call us at 7186399500. We answer pre-qualification questions every day.