When to Talk to Your Mortgage Pro About Pre-Qualifying
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It is important to visit with a mortgage loan pro early, even before you've decided the sort of home you hope to find. What for? What can we do for you if you have not made your offer, and do not yet know the amount you want to borrow?
We Can Help You Pre-Qualify
When we pre-qualify you, we help you determine the amount in monthly mortgage payments you can fit in your budget, and how much we of a loan you can qualify for. During the process, we determine your borrowing capacity - analyzing your earning status, money available for down payment, debt, income, and other areas. We will ask for a minimum amount of paperwork, and avoid a lengthy process.
Once you are considered eligible, we document our confidence in your potential to qualify for a mortgage loan by giving you a Pre-Qualification Letter (also called a "pre-qual").
Power in the Pre-Qual
Once you find a house that catches your eye, and you want to put together an offer, being pre-qualified for a mortgage will do a number of things. First, it helps you know the amount that you can offer.
Even more important to the existing owner, your pre-qualification letter gives them confidence - as if you had entered their house with a suitcase of cash to back up the offer! They will not need to be concerned they are wasting their time if you can't be able to qualify for a high enough mortgage loan. The seller of the home won't worry if he can count on you to qualify for your loan.Your qualifying for the necessary loan amount will not cause them concern. You have the sway of a buyer ready to make the purchase on the spot!
We will help you pre-qualify
We can help you see how much of a mortgage loan you can afford, and the amount of money you can borrow, by taking you through pre-qualifying. This process walks you through your financial situation - your debts, income, job, cash available for down payment, among other things. We as for a minimum amount of paperwork, and avoid a lengthy process.
While you can try our tools to calculate mortgage variables on this website, it will be a good idea to meet with us. That way, we can help you get your pre-qualification letter. For another thing, we could be able to locate a different mortgage choice that better fits your needs. Let us help you get started: Contact us at 866-840-8745 x2.
Have questions about pre-qualifying? Call us at 866-840-8745 x2. It's our job to answer pre-qualification questions, so we're happy to help!