Why Pre-Qualification is Important
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It's valuable to see a mortgage loan pro first, even before you've decided the kind of house you hope to find. Why? If you do not know yet how much house you want to qualify for, what can we do for you?
We will help determine how much of a mortgage loan you can afford, and the amount of money you can borrow, by walking you through pre-qualifying. During this process, we look at your capacity to borrow - looking at your employment, money available for down payment, debt, income, and other areas. We require a minimum amount of paperwork, with a quick process.
We will award you a Pre-Qualification Letter if you qualify, which documents that we're confident you'll qualify for a specific amount of mortgage loan dollars.
When you locate the house that meets your needs, and you decide to put together an offer, being pre-qualified for a mortgage will do several things. The first is that you will know the amount you'll be able to afford when determining the offer.
Being pre-qualified also will make your offer more attractive to the seller, as if you were bringing them a suitcase full of cash! They will not have to worry that that they have been wasting their time if you don't have the ability to qualify for a big enough mortgage. The seller won't be concerned that he won't be able to trust you to qualify for your mortgage in the amount you will need.Your qualifying for your needed loan amount won't be something for them to fret over. You have the influence of a buyer ready to make the deal on the spot!
We will help you pre-qualify
When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can fit in your budget, and the loan amount you can qualify for. The process leads you through your financial situation - your debts, income, job, cash available for down payment, among other things. It's short and basic; and we take pride in keeping the paperwork to a minimum.
One on one
While you are encouraged to benefit from our tools to calculate mortgage variables on this site, it's essential to meet with one of our mortgage professional team members. We can begin getting your pre-qualification letter. Next, we can consider your loan choices and be sure you are in the right one. We are eager to hear from you: contact us at (800) 288-9693.
Have questions about pre-qualifying? Call us at (800) 288-9693. It's our job to answer pre-qualification questions, so we're happy to help!