Shopping for a mortgage loan? We can assist you! Call us at (718) 639-9500. Ready to get started? Apply Here.
It can be helpful to see a mortgage professional early, even if you haven't settled on what type of home to search for. What for? If you do not yet know how much house you want to qualify for, what could we do for you?
We can help you determine the loan amount you can qualify for and the monthly mortgage payment amount you are able to afford by helping you pre-qualify. In this process, we explore your borrowing power - analyzing your job, available money for down payment, debt, income, and other circumstances. It's quick and to the point; We take pride in keeping the paperwork to a minimum.
Once you are determined to be eligible, we document our confidence in your potential to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also known as a "pre-qual").
When you locate the house that is right for you, and you want to make an offer, being pre-qualified for a mortgage will do a couple of things. First, it lets you know how much you're able to offer.
Of greater importance to the home seller, your pre-qualification is like your having walked into their house with a bag full of money ready to purchase their home! They won't have to worry that that they're wasting their time if you won't be able to have the ability to qualify for a high enough mortgage. The seller of the home won't be concerned that he won't be able to trust you to qualify for your loan.Your qualifying for the necessary mortgage loan amount will not be something for them to worry about. You'll have the sway of a buyer ready to make the deal right now!
We will help you with your pre-qualification
We will help you determine the loan amount you can qualify for and the monthly payment amount you can afford by helping you pre-qualify. We can do this by analyzing your debts and income, your work and housing situations, the funds available for a down payment, required reserves, and other considerations. It is a short, thorough process with minimal risks for papercuts.
Face to Face
You can always use the calculators on our website to get an idea of how much mortgage you will be able to afford - but it's also important to meet with us. That way, we will help you get your pre-qualification letter. Next, we can consider your loan choices to be sure you are in the right one. Let us get you started: Contact us at (718) 639-9500.
Have questions about pre-qualifying? Call us at (718) 639-9500. Channel Mortgage LLC answers pre-qualifying questions every day.